Vipshop (NYSE:VIPS) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Vipshop shares crossed above their 50-day moving average of $12.83, reaching $13.03 before last trading at $12.89. The stock remains below its 200-day moving average of $14.66.
• Analyst sentiment is mixed but leans toward “Hold”, with a consensus price target of $17.16. Recent firms lowered targets or ratings, although Barclays maintained an “overweight” rating with a $19 target.
• Vipshop reported quarterly EPS of $0.12, missing the $0.59 consensus estimate, while revenue matched expectations at $3.64 billion. Institutional investors own approximately 48.82% of the company.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $12.83 and traded as high as $13.03. Vipshop shares last traded at $12.89, with a volume of 2,342,583 shares traded.

Analysts Set New Price Targets

Several brokerages have recently commented on VIPS. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Monday, August 24th. Nomura lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $14.00 target price for the company. in a report on Thursday, August 27th. Citigroup cut their target price on Vipshop from $15.30 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 29th. Zacks Research cut Vipshop from a "hold" rating to a "strong sell" rating in a research note on Friday, August 28th. Finally, Barclays reduced their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.16.

Vipshop Price Performance

The business has a 50 day moving average of $12.83 and a 200 day moving average of $14.66. The company has a market cap of $6.17 billion, a PE ratio of 4.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. Sell-side analysts forecast that Vipshop Holdings Limited will post 1.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop in the 2nd quarter valued at approximately $7,947,000. Carmignac Gestion boosted its position in shares of Vipshop by 9.8% during the second quarter. Carmignac Gestion now owns 4,920,324 shares of the technology company's stock valued at $65,166,000 after purchasing an additional 439,795 shares in the last quarter. KBC Group NV grew its stake in Vipshop by 281.0% in the first quarter. KBC Group NV now owns 535,669 shares of the technology company's stock worth $8,421,000 after purchasing an additional 395,088 shares during the period. SEB Asset Management AB purchased a new stake in Vipshop in the first quarter worth $2,862,000. Finally, Nykredit A S purchased a new stake in Vipshop in the second quarter worth $2,349,000. Institutional investors own 48.82% of the company's stock.

Vipshop Company Profile

Vipshop Holdings Limited NYSE: VIPS operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.

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