Daiwa Capital Markets Lowers Vipshop Holdings Limited (NYSE:VIPS) to Hold

Daiwa Capital Markets downgraded shares of Vipshop Holdings Limited (NYSE:VIPS) from a buy rating to a hold rating in a report published on Thursday, August 17th. The firm currently has $10.00 price target on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Vipshop Holdings Limited from a neutral rating to an overweight rating and set a $18.00 price target for the company in a report on Tuesday, May 16th. Jefferies Group LLC reiterated a buy rating and issued a $17.00 price target on shares of Vipshop Holdings Limited in a report on Friday, May 19th. Deutsche Bank AG downgraded Vipshop Holdings Limited from a buy rating to a hold rating and lowered their price target for the company from $15.50 to $12.60 in a report on Friday, June 30th. TheStreet downgraded Vipshop Holdings Limited from a b rating to a c+ rating in a report on Monday, June 19th. Finally, Stifel Nicolaus boosted their price target on Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a buy rating in a report on Tuesday, May 16th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $14.04.

Shares of Vipshop Holdings Limited (NYSE VIPS) traded down 0.55% during trading on Thursday, hitting $9.07. 5,098,676 shares of the stock were exchanged. The stock’s 50 day moving average price is $10.92 and its 200 day moving average price is $12.42. Vipshop Holdings Limited has a one year low of $8.72 and a one year high of $16.24. The stock has a market cap of $5.33 billion, a PE ratio of 17.96 and a beta of 1.95.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The firm had revenue of $17.52 billion during the quarter, compared to the consensus estimate of $17.30 billion. During the same quarter last year, the firm posted $0.17 earnings per share. Vipshop Holdings Limited’s revenue was up 30.3% compared to the same quarter last year. Equities research analysts predict that Vipshop Holdings Limited will post $0.75 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Vipshop Holdings Limited by 52.0% in the first quarter. FMR LLC now owns 30,780,132 shares of the technology company’s stock worth $410,608,000 after purchasing an additional 10,529,919 shares in the last quarter. Comgest Global Investors S.A.S. grew its stake in shares of Vipshop Holdings Limited by 12.4% in the first quarter. Comgest Global Investors S.A.S. now owns 24,718,803 shares of the technology company’s stock worth $329,749,000 after purchasing an additional 2,735,100 shares in the last quarter. BlackRock Inc. grew its stake in shares of Vipshop Holdings Limited by 0.9% in the second quarter. BlackRock Inc. now owns 17,994,330 shares of the technology company’s stock worth $189,841,000 after purchasing an additional 155,176 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Vipshop Holdings Limited by 30.8% in the second quarter. Schroder Investment Management Group now owns 10,791,411 shares of the technology company’s stock worth $124,425,000 after purchasing an additional 2,540,239 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Vipshop Holdings Limited by 23.4% in the second quarter. Franklin Resources Inc. now owns 10,714,153 shares of the technology company’s stock worth $113,035,000 after purchasing an additional 2,034,474 shares in the last quarter. 56.43% of the stock is owned by institutional investors.

Vipshop Holdings Limited Company Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop Holdings Limited (NYSE:VIPS)




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