Vipshop Holdings Limited (NYSE:VIPS) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

VIPS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, August 23rd. Benchmark Co. boosted their target price on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 18th. HSBC Holdings plc downgraded shares of Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a report on Thursday, August 17th. Daiwa Capital Markets downgraded shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Thursday, August 17th. Finally, Macquarie reduced their target price on shares of Vipshop Holdings Limited from $16.50 to $11.00 and set an “outperform” rating for the company in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Vipshop Holdings Limited has an average rating of “Hold” and an average price target of $14.04.

Vipshop Holdings Limited (NYSE VIPS) traded up 0.32% during midday trading on Monday, hitting $9.35. 5,567,337 shares of the stock traded hands. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 18.12 and a beta of 1.95. Vipshop Holdings Limited has a 52-week low of $8.72 and a 52-week high of $16.24. The firm’s 50-day moving average is $10.21 and its 200-day moving average is $12.15.

Vipshop Holdings Limited (NYSE:VIPS) last released its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The business had revenue of $17.52 billion during the quarter, compared to analysts’ expectations of $17.30 billion. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. Analysts predict that Vipshop Holdings Limited will post $0.74 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Vipshop Holdings Limited by 4,449.5% in the 1st quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock worth $237,973,000 after purchasing an additional 17,447,045 shares in the last quarter. Swiss National Bank boosted its position in Vipshop Holdings Limited by 12.4% in the 1st quarter. Swiss National Bank now owns 944,860 shares of the technology company’s stock worth $12,604,000 after purchasing an additional 104,000 shares in the last quarter. Wellington Management Group LLP boosted its position in Vipshop Holdings Limited by 4.9% in the 1st quarter. Wellington Management Group LLP now owns 3,248,556 shares of the technology company’s stock worth $43,336,000 after purchasing an additional 150,848 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Vipshop Holdings Limited by 7.7% in the 1st quarter. OppenheimerFunds Inc. now owns 658,830 shares of the technology company’s stock worth $8,789,000 after purchasing an additional 47,250 shares in the last quarter. Finally, FMR LLC boosted its position in Vipshop Holdings Limited by 52.0% in the 1st quarter. FMR LLC now owns 30,780,132 shares of the technology company’s stock worth $410,608,000 after purchasing an additional 10,529,919 shares in the last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

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.

Analyst Recommendations for Vipshop Holdings Limited (NYSE:VIPS)

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