Vipshop Holdings Ltd – Sees Strong Trading Volume After Better-Than-Expected Earnings (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) shares saw an uptick in trading volume on Wednesday after the company announced better than expected quarterly earnings, AR Network reports. 1,124,368 shares were traded during trading, an increase of 37% from the previous session’s volume of 821,486 shares.The stock last traded at $222.57 and had previously closed at $219.60.
The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.08. The company had revenue of $829.40 million for the quarter, compared to the consensus estimate of $791.55 million.
A number of analysts have recently weighed in on VIPS shares. Analysts at Citigroup Inc. initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, July 24th. They set a “buy” rating and a $248.90 price target on the stock. Separately, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $205.20 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Wednesday, July 2nd. They set a “buy” rating and a $240.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Vipshop Holdings Ltd – currently has an average rating of “Buy” and a consensus target price of $193.72.
The stock has a 50-day moving average of $201.7 and a 200-day moving average of $159.3. The company has a market cap of $12.952 billion and a price-to-earnings ratio of 175.26.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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