Vipshop (NYSE:VIPS) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a report released on Thursday.

Several other equities research analysts also recently commented on the company. UBS Group downgraded Vipshop from a buy rating to a neutral rating and decreased their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Morgan Stanley cut their target price on Vipshop from $16.00 to $14.00 and set an equal weight rating on the stock in a research report on Tuesday, August 20th. Benchmark cut Vipshop from a buy rating to a hold rating in a research report on Thursday, May 23rd. CLSA cut Vipshop from an outperform rating to a hold rating and cut their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, Citigroup cut their price objective on Vipshop from $25.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, May 23rd. Five 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 currently has an average rating of Hold and a consensus price target of $17.75.

Vipshop Price Performance

Shares of VIPS opened at $12.80 on Thursday. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 5.95 and a beta of 0.33. The business has a 50-day moving average of $13.24 and a 200-day moving average of $15.10.

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

Institutional Trading of Vipshop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd increased its stake in Vipshop by 31.2% in the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares during the last quarter. KBC Group NV increased its stake in Vipshop by 55.8% in the 4th quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after acquiring an additional 224,098 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after acquiring an additional 2,273,198 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Vipshop by 238.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after purchasing an additional 84,976 shares in the last quarter. Finally, Franchise Capital Ltd purchased a new position in shares of Vipshop in the 4th quarter worth about $4,669,000. 48.82% of the stock is currently owned by 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.