Barclays Initiates Coverage on Vipshop (NYSE:VIPS)

Equities researchers at Barclays initiated coverage on shares of Vipshop (NYSE:VIPSGet Free Report) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $19.00 price target on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 28.55% from the company’s previous close.

Several other research firms have also recently weighed in on VIPS. Citigroup upped their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and dropped their price target for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.64.

Read Our Latest Report on Vipshop

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.78 on Wednesday. The company has a market capitalization of $8.02 billion, a P/E ratio of 7.00, a P/E/G ratio of 1.64 and a beta of 0.34. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The business’s 50 day simple moving average is $14.42 and its 200 day simple moving average is $14.55.

Vipshop (NYSE:VIPSGet Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The business had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Vipshop will post 1.97 EPS for the current fiscal year.

Institutional Trading of Vipshop

A number of institutional investors and hedge funds have recently bought and sold shares of VIPS. First Beijing Investment Ltd acquired a new stake in Vipshop in the third quarter valued at $120,182,000. Krane Funds Advisors LLC grew its holdings in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after acquiring an additional 2,659,117 shares during the period. Hsbc Holdings PLC grew its holdings in Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after acquiring an additional 2,117,902 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new stake in Vipshop during the 1st quarter worth about $25,487,000. Finally, Swedbank AB acquired a new stake in Vipshop during the 1st quarter worth about $19,185,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Vipshop (NYSE:VIPS)

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.