Vipshop (VIPS) Trading Down 7.8%

Shares of Vipshop Holdings Ltd – (NYSE:VIPS) fell 7.8% on Monday . The stock traded as low as $7.45 and last traded at $7.58. 12,565,109 shares were traded during trading, an increase of 50% from the average session volume of 8,368,572 shares. The stock had previously closed at $8.22.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Vipshop from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $6.50 to $11.00 in a report on Tuesday, April 30th. Zacks Investment Research raised Vipshop from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Saturday, April 27th. UBS Group cut Vipshop from a “neutral” rating to a “sell” rating in a report on Monday, April 22nd. ValuEngine cut Vipshop from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. Finally, KeyCorp lifted their price objective on Vipshop from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $8.71.

The company has a market cap of $5.12 billion, a PE ratio of 16.91 and a beta of 1.94.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Vipshop had a return on equity of 12.71% and a net margin of 2.53%. The company had revenue of $26.08 billion for the quarter, compared to analyst estimates of $26.78 billion. During the same quarter last year, the company posted $1.41 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that Vipshop Holdings Ltd – will post 0.56 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Wetherby Asset Management Inc. increased its stake in shares of Vipshop by 8.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 16,268 shares of the technology company’s stock valued at $131,000 after purchasing an additional 1,206 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Vipshop by 101.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,267 shares during the last quarter. CIBC Asset Management Inc grew its position in Vipshop by 27.6% during the 4th quarter. CIBC Asset Management Inc now owns 13,196 shares of the technology company’s stock worth $72,000 after acquiring an additional 2,855 shares during the last quarter. Advisors Asset Management Inc. grew its position in Vipshop by 8.2% during the 1st quarter. Advisors Asset Management Inc. now owns 38,970 shares of the technology company’s stock worth $313,000 after acquiring an additional 2,962 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Vipshop by 1.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 202,900 shares of the technology company’s stock worth $1,629,000 after acquiring an additional 3,300 shares during the last quarter. Institutional investors own 45.54% of the company’s stock.

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Vipshop Company Profile (NYSE:VIPS)

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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