Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.01.

A number of analysts have weighed in on VIPS shares. Pacific Crest started coverage on shares of Vipshop Holdings Limited in a research note on Wednesday, March 22nd. They set an “overweight” rating and a $17.00 price objective for the company. BidaskClub lowered shares of Vipshop Holdings Limited from a “hold” rating to a “sell” rating in a research note on Thursday. J P Morgan Chase & Co upgraded shares of Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 price objective for the company in a research note on Tuesday, May 16th. Stifel Nicolaus raised their price objective on shares of Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $17.00 price objective on shares of Vipshop Holdings Limited in a research note on Friday, May 19th.

Vipshop Holdings Limited (VIPS) traded up 0.891% during midday trading on Monday, hitting $11.895. 2,329,552 shares of the stock traded hands. The stock’s 50-day moving average price is $13.30 and its 200-day moving average price is $12.59. Vipshop Holdings Limited has a 52 week low of $10.30 and a 52 week high of $17.41. The stock has a market capitalization of $6.96 billion, a P/E ratio of 23.369 and a beta of 1.84.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.62 billion. Vipshop Holdings Limited had a net margin of 3.50% and a return on equity of 44.90%. The company’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. Equities research analysts expect that Vipshop Holdings Limited will post $0.84 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Vipshop Holdings Limited by 52.0% in the first quarter. FMR LLC now owns 30,780,132 shares of the technology company’s stock valued at $410,608,000 after buying an additional 10,529,919 shares during the period. Comgest Global Investors S.A.S. increased its position in Vipshop Holdings Limited by 12.4% in the first quarter. Comgest Global Investors S.A.S. now owns 24,718,803 shares of the technology company’s stock valued at $329,749,000 after buying an additional 2,735,100 shares during the period. BlackRock Inc. increased its position in Vipshop Holdings Limited by 4,449.5% in the first quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock valued at $237,973,000 after buying an additional 17,447,045 shares during the period. Schroder Investment Management Group increased its position in Vipshop Holdings Limited by 131.6% in the first quarter. Schroder Investment Management Group now owns 8,251,172 shares of the technology company’s stock valued at $110,730,000 after buying an additional 4,688,120 shares during the period. Finally, Wellington Management Group LLP increased its position in Vipshop Holdings Limited by 4.9% in the first quarter. Wellington Management Group LLP now owns 3,248,556 shares of the technology company’s stock valued at $43,336,000 after buying an additional 150,848 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

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About Vipshop Holdings Limited

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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