Wall Street Zen Downgrades Vipshop (NYSE:VIPS) to Hold

Vipshop (NYSE:VIPS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other research firms have also recently commented on VIPS. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. UBS Group set a $18.50 price target on Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.02.

Vipshop Price Performance

Shares of VIPS stock opened at $14.28 on Monday. The firm has a 50-day moving average of $14.22 and a 200-day moving average of $14.99. Vipshop has a one year low of $12.65 and a one year high of $21.08. The company has a market cap of $6.84 billion, a P/E ratio of 6.70, a P/E/G ratio of 1.45 and a beta of 0.67.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a return on equity of 16.90% and a net margin of 7.08%.The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. As a group, research analysts expect that Vipshop will post 2.24 earnings per share for the current fiscal year.

Institutional Trading of Vipshop

Hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners grew its position in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after acquiring an additional 692 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Vipshop by 8,472.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,118 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,864 shares during the last quarter. State of Wyoming lifted its stake in Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock valued at $103,000 after purchasing an additional 6,505 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,050 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.