Vipshop (NYSE:VIPS) Shares Gap Down to $8.39

Vipshop Holdings Limited (NYSE:VIPSGet Rating)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $8.39, but opened at $7.80. Vipshop shares last traded at $8.65, with a volume of 253,662 shares.

VIPS has been the topic of several research reports. StockNews.com initiated coverage on Vipshop in a report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their target price on Vipshop from $9.00 to $7.00 in a report on Monday, March 14th. Morgan Stanley cut Vipshop from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $15.00 to $10.00 in a report on Thursday, February 24th. Finally, Zacks Investment Research cut Vipshop from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Vipshop presently has an average rating of “Hold” and a consensus target price of $14.89.

The business has a 50-day moving average price of $8.07 and a two-hundred day moving average price of $8.95. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 8.15 and a beta of 0.66.

Vipshop (NYSE:VIPSGet Rating) last issued its earnings results on Wednesday, February 23rd. The technology company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Vipshop had a return on equity of 16.53% and a net margin of 3.99%. The firm had revenue of $35.80 billion for the quarter, compared to analyst estimates of $35.24 billion. During the same period in the previous year, the company earned $0.52 earnings per share. As a group, equities research analysts predict that Vipshop Holdings Limited will post 1.05 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Fieldpoint Private Securities LLC raised its position in Vipshop by 170.1% in the 1st quarter. Fieldpoint Private Securities LLC now owns 4,510 shares of the technology company’s stock valued at $41,000 after buying an additional 2,840 shares during the last quarter. Wealth Quarterback LLC purchased a new stake in Vipshop in the 3rd quarter valued at $55,000. Quadrant Capital Group LLC raised its position in Vipshop by 90.6% in the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the technology company’s stock valued at $57,000 after buying an additional 3,203 shares during the last quarter. Parallel Advisors LLC raised its position in Vipshop by 86.8% in the 4th quarter. Parallel Advisors LLC now owns 7,560 shares of the technology company’s stock valued at $64,000 after buying an additional 3,512 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Vipshop in the 1st quarter valued at $65,000. 54.52% of the stock is currently owned by institutional investors.

About Vipshop (NYSE:VIPS)

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items; and accessories that include belts, jewelry, watches, and glasses for women and men.

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