Vipshop (NYSE:VIPS) Shares Down 5.2% – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price fell 5.2% during mid-day trading on Tuesday . The stock traded as low as $14.63 and last traded at $14.58. 774,599 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 3,141,370 shares. The stock had previously closed at $15.38.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VIPS shares. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Trading Down 4.6 %

The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 1.59 and a beta of 0.30. The company has a 50 day moving average of $13.93 and a 200 day moving average of $13.97.

Hedge Funds Weigh In On Vipshop

Several institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC acquired a new stake in Vipshop during the 3rd quarter worth approximately $56,000. Blue Trust Inc. increased its position in shares of Vipshop by 140.6% during the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after acquiring an additional 4,958 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Vipshop during the fourth quarter worth $161,000. Atomi Financial Group Inc. raised its holdings in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,191 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in Vipshop in the 4th quarter valued at $165,000. Institutional investors own 48.82% of the company’s stock.

About Vipshop

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.