Brokerages Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $17.42

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.42.

A number of research analysts have issued reports on the company. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Citigroup lifted their price target on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley cut their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st.

Hedge Funds Weigh In On Vipshop

Several institutional investors and hedge funds have recently modified their holdings of the business. First Beijing Investment Ltd acquired a new position in Vipshop during the 3rd quarter worth approximately $120,182,000. Krane Funds Advisors LLC boosted its position in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after acquiring an additional 2,659,117 shares during the last quarter. Hsbc Holdings PLC boosted its position in Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after acquiring an additional 2,117,902 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new position in Vipshop during the 1st quarter worth approximately $25,487,000. Finally, Swedbank AB acquired a new position in Vipshop during the 1st quarter worth approximately $19,185,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

Vipshop stock opened at $14.58 on Friday. The business’s 50-day simple moving average is $14.28 and its 200-day simple moving average is $14.55. The firm has a market capitalization of $7.91 billion, a PE ratio of 6.92, a PEG ratio of 1.59 and a beta of 0.34. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that Vipshop will post 1.97 earnings per share for the current year.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.