Vipshop (VIPS) Raised to Buy at HSBC

Vipshop (NYSE:VIPS) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Other analysts have also recently issued research reports about the stock. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Daiwa Capital Markets upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. KeyCorp set a $13.00 price objective on shares of Vipshop and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Vipshop from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, UBS Group initiated coverage on shares of Vipshop in a research note on Monday, October 30th. They issued a “neutral” rating and a $9.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Vipshop presently has a consensus rating of “Buy” and an average target price of $15.12.

Shares of Vipshop (NYSE:VIPS) opened at $17.49 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. The stock has a market cap of $9,724.43, a PE ratio of 37.21 and a beta of 2.45. Vipshop has a 12 month low of $7.79 and a 12 month high of $17.99.

Vipshop (NYSE:VIPS) last posted its earnings results on Monday, November 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Vipshop had a net margin of 2.67% and a return on equity of 32.68%. research analysts forecast that Vipshop will post 0.56 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in VIPS. California Public Employees Retirement System increased its holdings in Vipshop by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 483,700 shares of the technology company’s stock valued at $5,103,000 after buying an additional 10,500 shares during the period. Advisor Group Inc. increased its holdings in Vipshop by 104.3% in the 2nd quarter. Advisor Group Inc. now owns 18,066 shares of the technology company’s stock valued at $190,000 after buying an additional 9,222 shares during the period. Dimensional Fund Advisors LP increased its holdings in Vipshop by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,352,162 shares of the technology company’s stock valued at $24,945,000 after buying an additional 99,867 shares during the period. Voya Investment Management LLC increased its holdings in Vipshop by 12.9% in the 2nd quarter. Voya Investment Management LLC now owns 57,015 shares of the technology company’s stock valued at $602,000 after buying an additional 6,530 shares during the period. Finally, QS Investors LLC increased its holdings in Vipshop by 1.6% in the 2nd quarter. QS Investors LLC now owns 18,600 shares of the technology company’s stock valued at $196,000 after buying an additional 300 shares during the period. 51.87% of the stock is currently owned by hedge funds and other institutional investors.

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Vipshop Company Profile

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 (NYSE:VIPS)

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