Vipshop Holdings Limited (VIPS) Receives Consensus Rating of “Hold” from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been assigned an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.44.

Several analysts have recently weighed in on VIPS shares. Zacks Investment Research upgraded Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, August 23rd. BidaskClub downgraded Vipshop Holdings Limited from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. J P Morgan Chase & Co upgraded Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a research note on Tuesday, May 16th. Stifel Nicolaus raised their target price on Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $17.00 target price on shares of Vipshop Holdings Limited in a research note on Friday, May 19th.

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Vipshop Holdings Limited by 52.0% in the first quarter. FMR LLC now owns 30,780,132 shares of the technology company’s stock valued at $410,608,000 after buying an additional 10,529,919 shares during the last quarter. Comgest Global Investors S.A.S. boosted its position in shares of Vipshop Holdings Limited by 12.4% in the first quarter. Comgest Global Investors S.A.S. now owns 24,718,803 shares of the technology company’s stock valued at $329,749,000 after buying an additional 2,735,100 shares during the last quarter. BlackRock Inc. boosted its position in shares of Vipshop Holdings Limited by 0.9% in the second quarter. BlackRock Inc. now owns 17,994,330 shares of the technology company’s stock valued at $189,841,000 after buying an additional 155,176 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Vipshop Holdings Limited by 30.8% in the second quarter. Schroder Investment Management Group now owns 10,791,411 shares of the technology company’s stock valued at $124,425,000 after buying an additional 2,540,239 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Vipshop Holdings Limited by 23.4% in the second quarter. Franklin Resources Inc. now owns 10,714,153 shares of the technology company’s stock valued at $113,035,000 after buying an additional 2,034,474 shares during the last quarter. 56.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vipshop Holdings Limited (NYSE VIPS) traded down 2.04% during midday trading on Friday, hitting $9.12. The stock had a trading volume of 7,414,250 shares. The stock has a market cap of $5.36 billion, a P/E ratio of 18.06 and a beta of 1.97. Vipshop Holdings Limited has a 12-month low of $8.72 and a 12-month high of $16.24. The stock has a 50-day moving average price of $10.93 and a 200-day moving average price of $12.42.

Vipshop Holdings Limited (NYSE:VIPS) last announced its earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. The business had revenue of $17.52 billion for the quarter, compared to analyst estimates of $17.30 billion. Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities analysts forecast that Vipshop Holdings Limited will post $0.75 earnings per share for the current year.

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About Vipshop Holdings Limited

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop Holdings Limited (NYSE:VIPS)

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