Vipshop Holdings Limited (NYSE:VIPS) Receives $15.30 Average PT from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have been assigned an average rating of "Hold" from the six research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.10.

A number of research analysts have recently weighed in on VIPS shares. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays dropped their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Finally, Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Tuesday, April 1st.

Vipshop Stock Down 1.7%

VIPS stock traded down $0.25 during trading on Thursday, reaching $14.11. The company's stock had a trading volume of 5,265,882 shares, compared to its average volume of 3,843,782. Vipshop has a 1 year low of $11.50 and a 1 year high of $17.94. The company has a market capitalization of $7.24 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The company's fifty day moving average is $14.13 and its 200-day moving average is $14.29.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Analysts anticipate that Vipshop will post 1.95 earnings per share for the current year.

Hedge Funds Weigh In On Vipshop

A number of large investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in shares of Vipshop by 17.4% during the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock worth $262,757,000 after purchasing an additional 2,483,294 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Vipshop during the first quarter valued at $1,653,000. Goldman Sachs Group Inc. grew its holdings in shares of Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company's stock valued at $77,326,000 after buying an additional 1,126,983 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Vipshop by 33.3% during the first quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company's stock valued at $21,748,000 after buying an additional 346,374 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Vipshop by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company's stock valued at $6,994,000 after buying an additional 49,632 shares during the last quarter. 48.82% of the stock is 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.