Vipshop Holdings Limited (NYSE:VIPS) Receives Consensus Rating of “Moderate Buy” from Brokerages
Shares of Vipshop Holdings Limited (NYSE:VIPS – Get Free Report) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.16.
A number of research analysts recently weighed in on the stock. StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 29th. Benchmark reaffirmed a “buy” rating and set a $19.00 price objective on shares of Vipshop in a report on Wednesday, November 15th. Finally, Citigroup raised Vipshop from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $20.00 in a report on Wednesday, November 15th.
View Our Latest Research Report on VIPS
Vipshop Price Performance
Shares of VIPS stock opened at $16.63 on Wednesday. The firm’s 50-day moving average is $15.38 and its two-hundred day moving average is $16.03. Vipshop has a 12 month low of $12.97 and a 12 month high of $19.13. The company has a market capitalization of $9.74 billion, a PE ratio of 9.19 and a beta of 0.53.
Vipshop (NYSE:VIPS – Get Free Report) last issued its earnings results on Tuesday, November 14th. The technology company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $2.93. The company had revenue of $21.08 billion for the quarter, compared to the consensus estimate of $34.36 billion. Vipshop had a net margin of 6.74% and a return on equity of 21.00%. Vipshop’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts forecast that Vipshop will post 1.95 EPS for the current year.
Institutional Investors Weigh In On Vipshop
Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning raised its position in shares of Vipshop by 21.2% during the 2nd quarter. Creative Planning now owns 59,097 shares of the technology company’s stock worth $975,000 after purchasing an additional 10,321 shares during the last quarter. D Orazio & Associates Inc. grew its stake in Vipshop by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 14,611 shares of the technology company’s stock worth $241,000 after acquiring an additional 3,399 shares during the period. Origin Asset Management LLP grew its stake in Vipshop by 8.6% in the 2nd quarter. Origin Asset Management LLP now owns 2,354,030 shares of the technology company’s stock worth $38,841,000 after acquiring an additional 187,000 shares during the period. Acadian Asset Management LLC grew its stake in Vipshop by 77.5% in the 2nd quarter. Acadian Asset Management LLC now owns 18,571,315 shares of the technology company’s stock worth $306,380,000 after acquiring an additional 8,106,054 shares during the period. Finally, Sei Investments Co. grew its stake in Vipshop by 232.7% in the 1st quarter. Sei Investments Co. now owns 1,666,765 shares of the technology company’s stock worth $25,301,000 after acquiring an additional 1,165,773 shares during the period. 49.84% of the stock is currently owned by institutional investors and hedge funds.
About Vipshop (Get Free Report
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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.
Further Reading
NYSE: VIPS” width=”600″ height=”385″ loading=”lazy”>
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Vipshop, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Vipshop wasn’t on the list.
While Vipshop currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.