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

Vipshop Holdings Limited (NYSE:VIPS)’s stock price traded down 5.2% during mid-day trading on Tuesday . The company traded as low as $14.63 and last traded at $14.58. 774,599 shares changed 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.

Analyst Ratings Changes

Several research firms have commented on VIPS. Citigroup lowered their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Barclays assumed coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.50.

Vipshop Trading Down 4.6 %

The firm has a 50-day moving average of $13.93 and a two-hundred day moving average of $13.97. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 1.59 and a beta of 0.30.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Creative Planning increased its position in Vipshop by 16.9% during the third quarter. Creative Planning now owns 107,026 shares of the technology company’s stock worth $1,684,000 after acquiring an additional 15,477 shares during the period. Blue Trust Inc. increased its holdings in shares of Vipshop by 140.6% during the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after purchasing an additional 4,958 shares during the period. Signaturefd LLC raised its position in shares of Vipshop by 5.1% during the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after buying an additional 817 shares during the last quarter. Ariose Capital Management Ltd bought a new stake in shares of Vipshop in the third quarter valued at about $8,189,000. Finally, abrdn plc grew its position in Vipshop by 17.3% during the third quarter. abrdn plc now owns 692,936 shares of the technology company’s stock worth $10,914,000 after buying an additional 102,140 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.