Vipshop (NYSE:VIPS) Shares Gap Down on Analyst Downgrade

Vipshop Holdings Limited (NYSE:VIPS) shares gapped down prior to trading on Thursday after Citigroup lowered their price target on the stock from $25.00 to $20.00. The stock had previously closed at $16.52, but opened at $16.16. Citigroup currently has a buy rating on the stock. Vipshop shares last traded at $16.49, with a volume of 1,246,662 shares traded.

A number of other equities analysts also recently issued reports on the stock. Benchmark downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday. HSBC decreased their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.97.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIPS. Lindbrook Capital LLC grew its holdings in Vipshop by 56.4% during the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after acquiring an additional 708 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Vipshop by 1.2% in the 4th quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock valued at $1,132,000 after buying an additional 757 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Vipshop by 5.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock valued at $264,000 after buying an additional 779 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Vipshop by 0.9% in the 1st quarter. Diversified Trust Co now owns 99,737 shares of the technology company’s stock valued at $1,651,000 after buying an additional 875 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Vipshop by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after purchasing an additional 905 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Down 2.7 %

The stock has a market capitalization of $8.72 billion, a PE ratio of 8.00 and a beta of 0.44. The company’s 50-day moving average is $16.44 and its 200 day moving average is $16.43.

Vipshop (NYSE:VIPS) last posted its earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, beating the consensus estimate of $0.64 by $5.15. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Sell-side analysts forecast that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Company Profile

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.