HSBC Increases Vipshop (NYSE:VIPS) Price Target to $14.40

Vipshop (NYSE:VIPS – Get Rating) had its price target boosted by analysts at HSBC from $12.50 to $14.40 in a report released on Wednesday, The Fly reports. HSBC’s price target would indicate a potential downside of 3.94% from the company’s previous close.

VIPS has been the subject of a number of other reports. StockNews.com began coverage on Vipshop in a research note on Thursday, May 18th. They set a “buy” rating for the company. UBS Group increased their price target on Vipshop from $17.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating in a research note on Friday, February 24th. Benchmark upgraded Vipshop from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, February 24th. Finally, Bank of America increased their price target on Vipshop from $15.20 to $17.80 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.35.

Vipshop Trading Up 0.5 %

Shares of VIPS stock opened at $14.99 on Wednesday. Vipshop has a twelve month low of $6.36 and a twelve month high of $16.35. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 9.03 and a beta of 0.44. The stock has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $13.93.

Vipshop (NYSE:VIPS – Get Rating) last issued its earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Vipshop had a return on equity of 18.65% and a net margin of 6.68%. Research analysts predict that Vipshop will post 1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Vipshop by 18.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock valued at $65,000 after purchasing an additional 730 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Vipshop by 6.3% in the 1st quarter. Intech Investment Management LLC now owns 13,088 shares of the technology company’s stock valued at $199,000 after purchasing an additional 778 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Vipshop by 4.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 31,740 shares of the technology company’s stock valued at $482,000 after purchasing an additional 1,208 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Vipshop by 14.0% in the 4th quarter. Quadrant Capital Group LLC now owns 9,892 shares of the technology company’s stock valued at $135,000 after purchasing an additional 1,211 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Vipshop by 9.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 14,437 shares of the technology company’s stock valued at $219,000 after purchasing an additional 1,257 shares during the last quarter. 49.81% of the stock is owned by institutional investors and hedge funds.

Vipshop Company Profile

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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.