Vipshop Holdings Limited (VIPS) Now Covered by UBS AG
Equities research analysts at UBS AG initiated coverage on shares of Vipshop Holdings Limited (NYSE:VIPS) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “neutral” rating on the technology company’s stock.
A number of other equities analysts have also issued reports on the company. BidaskClub lowered Vipshop Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 30th. Zacks Investment Research raised Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, September 5th. Finally, Benchmark Co. upped their target price on Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.95.
Shares of Vipshop Holdings Limited (NYSE VIPS) opened at 8.20 on Monday. The company has a 50-day moving average of $8.81 and a 200 day moving average of $11.18. Vipshop Holdings Limited has a one year low of $7.80 and a one year high of $15.49. The firm has a market cap of $4.82 billion, a PE ratio of 15.89 and a beta of 1.88.
Vipshop Holdings Limited (NYSE:VIPS) last released its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $17.52 billion for the quarter, compared to analyst estimates of $17.30 billion. Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that Vipshop Holdings Limited will post $0.73 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Murphy Capital Management Inc. bought a new stake in shares of Vipshop Holdings Limited in the 2nd quarter valued at approximately $111,000. 1st Global Advisors Inc. increased its holdings in shares of Vipshop Holdings Limited by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after acquiring an additional 160 shares during the last quarter. FNY Partners Fund LP increased its holdings in shares of Vipshop Holdings Limited by 71.9% in the 2nd quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock valued at $116,000 after acquiring an additional 4,600 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of Vipshop Holdings Limited by 1.1% in the 2nd quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock valued at $120,000 after acquiring an additional 128 shares during the last quarter. Finally, BB&T Securities LLC bought a new stake in shares of Vipshop Holdings Limited in the 2nd quarter valued at approximately $138,000. Institutional investors and hedge funds own 57.20% 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.
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