Vipshop (NYSE:VIPS) Shares Gap Up to $10.32

Vipshop Holdings Limited (NYSE:VIPSGet Rating) gapped up before the market opened on Friday . The stock had previously closed at $10.32, but opened at $10.80. Vipshop shares last traded at $10.50, with a volume of 48,400 shares trading hands.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Vipshop from $9.00 to $7.00 in a research report on Monday, March 14th. Citigroup lowered Vipshop from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $8.60 to $7.80 in a research report on Friday, May 20th. StockNews.com started coverage on Vipshop in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley lowered Vipshop from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $15.00 to $10.00 in a research report on Thursday, February 24th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $13.23.

The stock has a fifty day moving average of $8.44 and a two-hundred day moving average of $8.71. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 10.86 and a beta of 0.64.

Vipshop (NYSE:VIPSGet Rating) last released its earnings results on Thursday, May 19th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.90 by $0.19. The company had revenue of $23.93 billion during the quarter, compared to analysts’ expectations of $25.69 billion. Vipshop had a return on equity of 15.31% and a net margin of 3.72%. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. On average, analysts anticipate that Vipshop Holdings Limited will post 1 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of VIPS. BlackRock Inc. increased its position in Vipshop by 3.6% during the fourth quarter. BlackRock Inc. now owns 26,604,163 shares of the technology company’s stock worth $223,473,000 after buying an additional 915,418 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in shares of Vipshop by 147.1% during the first quarter. Hhlr Advisors LTD. now owns 22,150,493 shares of the technology company’s stock worth $199,354,000 after acquiring an additional 13,186,741 shares during the period. Vanguard Group Inc. boosted its stake in shares of Vipshop by 1.0% in the first quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock valued at $147,111,000 after buying an additional 163,532 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Vipshop in the fourth quarter valued at approximately $115,268,000. Finally, Krane Funds Advisors LLC boosted its stake in shares of Vipshop by 22.5% in the first quarter. Krane Funds Advisors LLC now owns 12,492,987 shares of the technology company’s stock valued at $112,437,000 after buying an additional 2,297,126 shares during the period. Hedge funds and other institutional investors own 54.52% of the company’s stock.

Vipshop Company Profile (NYSE:VIPS)

Vipshop Holdings Limited operates online platforms 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; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.

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