Vipshop (NYSE:VIPS) Raised to Buy at StockNews.com

Vipshop (NYSE:VIPS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

VIPS has been the topic of several other research reports. Barclays began coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.50.

Vipshop Stock Performance

VIPS stock opened at $14.66 on Friday. The firm has a market cap of $7.53 billion, a P/E ratio of 7.02, a P/E/G ratio of 1.52 and a beta of 0.30. The firm’s fifty day moving average is $13.98 and its 200 day moving average is $13.98. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, analysts forecast that Vipshop will post 1.95 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. GF Fund Management CO. LTD. bought a new position in shares of Vipshop during the fourth quarter valued at $7,094,000. Vise Technologies Inc. grew its position in Vipshop by 60.5% during the 4th quarter. Vise Technologies Inc. now owns 40,006 shares of the technology company’s stock valued at $539,000 after purchasing an additional 15,081 shares during the last quarter. Vident Advisory LLC increased its stake in Vipshop by 67.8% during the 4th quarter. Vident Advisory LLC now owns 32,426 shares of the technology company’s stock valued at $437,000 after purchasing an additional 13,106 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Vipshop by 36.8% in the fourth quarter. Two Sigma Advisers LP now owns 148,200 shares of the technology company’s stock worth $1,996,000 after buying an additional 39,900 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Vipshop by 290.8% in the fourth quarter. Two Sigma Investments LP now owns 203,600 shares of the technology company’s stock worth $2,742,000 after buying an additional 151,500 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

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.