Vipshop (NYSE:VIPS) Trading Down 2.9%

Vipshop Holdings Limited (NYSE:VIPS)’s stock price was down 2.9% during trading on Thursday . The stock traded as low as $13.25 and last traded at $13.39. Approximately 476,025 shares were traded during trading, a decline of 88% from the average daily volume of 4,035,560 shares. The stock had previously closed at $13.79.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. HSBC lowered their price objective on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Citigroup lowered their target price on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, StockNews.com lowered shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Vipshop Trading Down 1.1 %

The company has a market capitalization of $7.06 billion, a PE ratio of 6.05 and a beta of 0.39. The business’s fifty day moving average is $15.69 and its two-hundred day moving average is $16.40.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.87 billion. As a group, equities research analysts anticipate that Vipshop Holdings Limited will post 2.21 EPS for the current year.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Natixis Advisors L.P. grew its position in Vipshop by 1.2% in the 4th quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock worth $1,132,000 after purchasing an additional 757 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Vipshop by 5.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock valued at $264,000 after acquiring an additional 779 shares during the period. Diversified Trust Co grew its position in shares of Vipshop by 0.9% during the 1st quarter. Diversified Trust Co now owns 99,737 shares of the technology company’s stock valued at $1,651,000 after acquiring an additional 875 shares during the period. Finally, Vinva Investment Management Ltd grew its position in shares of Vipshop by 6.4% during the 4th quarter. Vinva Investment Management Ltd now owns 16,007 shares of the technology company’s stock valued at $281,000 after acquiring an additional 969 shares during the period. 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.