Vipshop (NYSE:VIPS) Stock Rating Upgraded by JPMorgan Chase & Co.

Vipshop (NYSE:VIPS – Get Rating) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has a $18.00 target price on the technology company’s stock, up from their previous target price of $16.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 20.08% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Citigroup cut their target price on Vipshop from $17.00 to $15.00 in a research report on Monday, February 27th. UBS Group upped their price objective on Vipshop from $18.00 to $18.50 in a research note on Wednesday. Daiwa Capital Markets upgraded Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 price target for the company in a research note on Wednesday, March 29th. Bank of America raised their price objective on Vipshop from $15.20 to $17.80 in a research note on Tuesday. Finally, HSBC raised their target price on Vipshop from $12.50 to $14.40 in a report on Wednesday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.35.

Vipshop Trading Up 0.5 %

Shares of Vipshop stock opened at $14.99 on Wednesday. The firm has a market capitalization of $10.18 billion, a P/E ratio of 9.03 and a beta of 0.44. The business has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $13.93. Vipshop has a 12 month low of $6.36 and a 12 month high of $16.35.

Vipshop (NYSE:VIPS – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.52 billion. Vipshop had a return on equity of 18.65% and a net margin of 6.68%. Analysts predict that Vipshop will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Vipshop

A number of hedge funds have recently bought and sold shares of VIPS. BlackRock Inc. increased its holdings in shares of Vipshop by 6.1% during the first quarter. BlackRock Inc. now owns 27,113,695 shares of the technology company’s stock worth $411,586,000 after buying an additional 1,547,139 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Vipshop by 1.0% during the first quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock worth $147,111,000 after acquiring an additional 163,532 shares during the period. UBS Asset Management Americas Inc. increased its stake in Vipshop by 1.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 16,202,178 shares of the technology company’s stock valued at $136,260,000 after buying an additional 228,251 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Vipshop in the 4th quarter valued at $155,030,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Vipshop by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock worth $98,379,000 after purchasing an additional 1,069,930 shares during the last quarter. 49.81% of the stock is currently owned by institutional investors.

Vipshop Company Profile

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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.