Vipshop (NYSE:VIPS) Stock Rating Lowered by Wall Street Zen

Vipshop (NYSE:VIPS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Thursday.

A number of other research firms also recently issued reports on VIPS. Barclays decreased their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.10.

Vipshop Stock Performance

NYSE:VIPS traded down $0.32 during mid-day trading on Thursday, hitting $13.79. The company had a trading volume of 7,269,877 shares, compared to its average volume of 3,830,386. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market cap of $7.08 billion, a P/E ratio of 6.60, a P/E/G ratio of 1.52 and a beta of 0.60. The business's fifty day moving average is $13.99 and its two-hundred day moving average is $14.29.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data 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). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Equities analysts forecast that Vipshop will post 1.95 earnings per share for the current year.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock valued at $262,757,000 after buying an additional 2,483,294 shares during the last quarter. Krane Funds Advisors LLC raised its stake in Vipshop by 7.8% in the 1st quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock valued at $248,357,000 after acquiring an additional 1,148,307 shares during the period. Vanguard Group Inc. raised its stake in Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after acquiring an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Vipshop by 13.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after purchasing an additional 1,456,862 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock worth $130,731,000 after purchasing an additional 267,398 shares during the period. 48.82% of the stock is currently 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.