Vipshop (NYSE:VIPS) Trading Up 5.2% – Here’s What Happened

Shares of Vipshop Holdings Limited (NYSE:VIPS) were up 5.2% during mid-day trading on Monday . The stock traded as high as $14.93 and last traded at $14.93. Approximately 272,386 shares changed hands during trading, a decline of 93% from the average daily volume of 3,960,425 shares. The stock had previously closed at $14.19.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VIPS shares. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Citigroup raised their price target on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and reduced their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.42.

Vipshop Trading Up 2.7 %

The business’s 50 day moving average is $14.24 and its two-hundred day moving average is $14.56. The company has a market cap of $7.90 billion, a PE ratio of 6.89, a PEG ratio of 1.62 and a beta of 0.34.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating 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 company had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter in the previous year, the company earned $0.51 EPS. Vipshop’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts predict that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

Institutional Trading of Vipshop

Hedge funds have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Vipshop by 238.7% during the 1st 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. Jupiter Asset Management Ltd. grew its holdings in Vipshop by 3.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company’s stock valued at $25,432,000 after purchasing an additional 48,300 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Vipshop during the 1st quarter valued at about $1,211,000. Swiss National Bank grew its holdings in Vipshop by 6.9% during the 1st quarter. Swiss National Bank now owns 807,862 shares of the technology company’s stock valued at $13,370,000 after purchasing an additional 52,488 shares during the last quarter. Finally, Swedbank AB bought a new position in Vipshop during the 1st quarter valued at about $19,185,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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.