Nomura upgraded shares of Vipshop (NYSE:VIPS) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, January 10th, Marketbeat reports.
A number of other equities research analysts have also recently weighed in on the company. BidaskClub cut Vipshop from a hold rating to a sell rating in a research note on Sunday, September 24th. Zacks Investment Research cut Vipshop from a hold rating to a sell rating in a report on Friday, November 24th. JPMorgan Chase & Co. lowered their price target on Vipshop from $13.00 to $10.00 and set an overweight rating on the stock in a report on Wednesday, November 22nd. HSBC raised Vipshop from a reduce rating to a hold rating in a research note on Wednesday, January 3rd. Finally, UBS Group assumed coverage on Vipshop in a research note on Monday, October 30th. They issued a neutral rating and a $9.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $13.43.
Shares of Vipshop (NYSE:VIPS) traded up $0.28 during trading on Wednesday, reaching $15.93. The company had a trading volume of 4,970,011 shares, compared to its average volume of 12,964,635. Vipshop has a 52-week low of $7.79 and a 52-week high of $17.75. The stock has a market capitalization of $9,285.38, a P/E ratio of 33.19 and a beta of 2.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05.
Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Monday, November 20th. The technology company reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. Vipshop had a return on equity of 34.85% and a net margin of 3.00%. equities analysts predict that Vipshop will post 0.53 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC raised its holdings in shares of Vipshop by 72.0% during the third quarter. Penserra Capital Management LLC now owns 685,924 shares of the technology company’s stock valued at $6,028,000 after buying an additional 287,048 shares during the last quarter. Southeastern Asset Management Inc. TN boosted its stake in shares of Vipshop by 23.7% during the 2nd quarter. Southeastern Asset Management Inc. TN now owns 1,283,649 shares of the technology company’s stock valued at $13,542,000 after buying an additional 246,345 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Vipshop by 58.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 940,500 shares of the technology company’s stock valued at $9,922,000 after buying an additional 346,900 shares during the period. Korea Investment CORP boosted its stake in shares of Vipshop by 22.6% during the 3rd quarter. Korea Investment CORP now owns 836,600 shares of the technology company’s stock valued at $7,354,000 after buying an additional 154,200 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Vipshop by 553.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after buying an additional 3,300,586 shares during the period. 52.46% of the stock is currently owned by institutional investors.
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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.
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