Vipshop (NYSE:VIPS) Trading Down 4.3%

Vipshop Holdings Limited (NYSE:VIPS – Get Rating) dropped 4.3% during mid-day trading on Tuesday . The company traded as low as $7.25 and last traded at $7.32. Approximately 33,848 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 8,899,711 shares. The stock had previously closed at $7.65.

VIPS has been the subject of a number of research reports. CLSA lowered their price target on Vipshop from $11.80 to $10.00 in a report on Tuesday, January 4th. Zacks Investment Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a report on Friday, March 4th. Morgan Stanley lowered Vipshop from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $15.00 to $10.00 in a report on Thursday, February 24th. StockNews.com initiated coverage on Vipshop in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on Vipshop from $9.00 to $7.00 in a report on Monday, March 14th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.89.

The business has a fifty day simple moving average of $8.72 and a two-hundred day simple moving average of $9.53. The company has a market cap of $5.17 billion, a PE ratio of 7.35 and a beta of 0.58.

Vipshop (NYSE:VIPS – Get Rating) last posted its earnings results on Wednesday, February 23rd. The technology company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $35.80 billion for the quarter, compared to analysts’ expectations of $35.24 billion. Vipshop had a return on equity of 16.53% and a net margin of 3.99%. During the same quarter in the prior year, the company earned $0.52 EPS. On average, research analysts predict that Vipshop Holdings Limited will post 1.05 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of VIPS. Allspring Global Investments Holdings LLC acquired a new position in shares of Vipshop during the fourth quarter worth $115,268,000. Massachusetts Financial Services Co. MA increased its position in shares of Vipshop by 7,924.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,699,310 shares of the technology company’s stock valued at $52,351,000 after acquiring an additional 4,640,751 shares during the period. Krane Funds Advisors LLC increased its position in shares of Vipshop by 94.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 9,076,423 shares of the technology company’s stock valued at $101,111,000 after acquiring an additional 4,397,543 shares during the period. BlackRock Inc. increased its position in shares of Vipshop by 17.0% in the 3rd quarter. BlackRock Inc. now owns 25,688,745 shares of the technology company’s stock valued at $286,172,000 after acquiring an additional 3,723,569 shares during the period. Finally, Carmignac Gestion increased its position in shares of Vipshop by 90.0% in the 3rd quarter. Carmignac Gestion now owns 7,818,251 shares of the technology company’s stock valued at $87,066,000 after acquiring an additional 3,702,426 shares during the period. 56.00% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop (NYSE:VIPS)

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items; and accessories that include belts, jewelry, watches, and glasses for women and men.

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