Vipshop (NYSE:VIPS) Shares Gap Down - Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $14.36, but opened at $14.05. Vipshop shares last traded at $13.97, with a volume of 508,336 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday. Citigroup downgraded 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. Finally, Barclays cut their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.10.

Vipshop Trading Up 0.4%

The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The firm has a 50 day moving average price of $14.04 and a two-hundred day moving average price of $14.29.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Vipshop during the first quarter valued at approximately $399,000. Acadian Asset Management LLC boosted 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 worth $262,757,000 after buying an additional 2,483,294 shares during the period. Caxton Associates LLP acquired a new position in shares of Vipshop in the 1st quarter valued at about $1,653,000. Goldman Sachs Group Inc. increased its stake in Vipshop by 29.6% in the 1st 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 period. Finally, Millennium Management LLC increased its stake in shares of Vipshop by 33.3% in the first quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company's stock worth $21,748,000 after acquiring an additional 346,374 shares during the last quarter. Institutional investors and hedge funds 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.