Vipshop (NYSE:VIPS) Price Target Raised to $18.00

Vipshop (NYSE:VIPS) had its price objective boosted by Citigroup from $15.00 to $18.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also weighed in on the company. Morgan Stanley reduced their price objective on Vipshop from $16.00 to $14.00 and set an equal weight rating for the company in a report on Tuesday, August 20th. UBS Group cut Vipshop from a buy rating to a neutral rating and lowered their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. CLSA downgraded shares of Vipshop from an outperform rating to a hold rating and reduced their target price for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, StockNews.com raised shares of Vipshop from a hold rating to a buy rating in a report on Thursday, September 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $17.42.

Vipshop Price Performance

Shares of Vipshop stock opened at $15.74 on Friday. The stock has a fifty day moving average price of $13.29 and a 200-day moving average price of $14.80. The firm has a market cap of $8.54 billion, a PE ratio of 7.32 and a beta of 0.33. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Vipshop will post 2 EPS for the current fiscal year.

Institutional Trading of Vipshop

A number of hedge funds and other institutional investors have recently bought and sold shares of VIPS. FIL Ltd increased its holdings in shares of Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares during the period. KBC Group NV increased its position in shares of Vipshop by 55.8% in the fourth quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after purchasing an additional 224,098 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Vipshop by 238.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock valued at $1,996,000 after purchasing an additional 84,976 shares during the last quarter. Finally, Franchise Capital Ltd purchased a new position in Vipshop in the 4th quarter worth approximately $4,669,000. Institutional investors own 48.82% of the company’s stock.

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.