Vipshop (NYSE:VIPS) Trading Down 4.2% – What’s Next?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price traded down 4.2% on Wednesday . The stock traded as low as $13.26 and last traded at $13.28. 474,806 shares changed hands during trading, a decline of 88% from the average session volume of 3,886,199 shares. The stock had previously closed at $13.86.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley cut their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Citigroup lowered their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Finally, Barclays started coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Down 4.3 %

The stock has a 50 day moving average of $14.71 and a 200 day moving average of $14.23. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.57 and a beta of 0.31.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System raised its position in Vipshop by 18.0% in the 1st quarter. California State Teachers Retirement System now owns 178,624 shares of the technology company’s stock valued at $2,956,000 after buying an additional 27,270 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Vipshop in the 1st quarter worth about $232,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Vipshop by 13.3% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 340,110 shares of the technology company’s stock worth $4,428,000 after purchasing an additional 39,902 shares during the period. Diversified Trust Co boosted its stake in Vipshop by 2.9% in the 2nd quarter. Diversified Trust Co now owns 102,607 shares of the technology company’s stock worth $1,336,000 after purchasing an additional 2,870 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Vipshop by 13.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock valued at $293,000 after acquiring an additional 2,729 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

About Vipshop

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