Vipshop (NYSE:VIPS) Trading 1.5% Higher

Vipshop Holdings Limited (NYSE:VIPS) shares rose 1.5% during mid-day trading on Monday . The stock traded as high as $13.44 and last traded at $13.42. Approximately 701,108 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 3,890,888 shares. The stock had previously closed at $13.22.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VIPS. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. StockNews.com lowered shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Finally, Citigroup cut their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.67.

Vipshop Trading Up 3.8 %

The stock has a market capitalization of $7.44 billion, a PE ratio of 6.20 and a beta of 0.32. The business has a fifty day moving average price of $14.42 and a 200-day moving average price of $15.83.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. On average, equities analysts anticipate that Vipshop Holdings Limited will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC increased its holdings in Vipshop by 56.4% during the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after purchasing an additional 708 shares during the period. Rakuten Securities Inc. purchased a new position in Vipshop during the fourth quarter valued at $36,000. Richardson Financial Services Inc. purchased a new stake in shares of Vipshop in the 4th quarter worth about $39,000. Blue Trust Inc. grew its position in shares of Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after buying an additional 3,351 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Vipshop by 65.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock valued at $66,000 after acquiring an additional 1,462 shares during the period. 48.82% of the stock is currently owned by hedge funds and other 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.