Vipshop Holdings Limited (NYSE:VIPS) Receives $18.29 Average Price Target from Brokerages

Vipshop Holdings Limited (NYSE:VIPSGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.29.

A number of equities research analysts have recently weighed in on VIPS shares. cut Vipshop from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. TheStreet raised Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Benchmark reissued a “buy” rating and set a $19.00 target price on shares of Vipshop in a report on Wednesday, November 15th. Finally, Citigroup boosted their target price on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd.

Check Out Our Latest Report on Vipshop

Hedge Funds Weigh In On Vipshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. Acadian Asset Management LLC grew its position in Vipshop by 77.5% during the 2nd quarter. Acadian Asset Management LLC now owns 18,571,315 shares of the technology company’s stock worth $306,380,000 after purchasing an additional 8,106,054 shares in the last quarter. First Beijing Investment Ltd purchased a new position in Vipshop during the 2nd quarter worth approximately $65,613,000. Norges Bank purchased a new position in shares of Vipshop during the 4th quarter valued at $70,333,000. Hsbc Holdings PLC grew its holdings in shares of Vipshop by 362.9% during the 1st quarter. Hsbc Holdings PLC now owns 4,236,968 shares of the technology company’s stock valued at $38,142,000 after acquiring an additional 3,321,593 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new position in shares of Vipshop during the 4th quarter valued at $35,498,000. 49.84% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Up 1.7 %

Shares of VIPS stock opened at $17.08 on Thursday. The business has a 50 day moving average of $16.36 and a two-hundred day moving average of $15.92. Vipshop has a 52 week low of $13.14 and a 52 week high of $19.13. The company has a market cap of $10.01 billion, a P/E ratio of 9.44 and a beta of 0.38.

Vipshop (NYSE:VIPSGet Free Report) last released its quarterly earnings results on Tuesday, November 14th. The technology company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $2.93. The company had revenue of $21.08 billion for the quarter, compared to analysts’ expectations of $34.36 billion. Vipshop had a return on equity of 21.00% and a net margin of 6.74%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts expect that Vipshop will post 1.95 EPS for the current fiscal year.

Vipshop Company Profile

(Get Free Report

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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