StockNews.com Initiates Coverage on Vipshop (NYSE:VIPS)

StockNews.com started coverage on shares of Vipshop (NYSE:VIPS – Get Rating) in a report released on Thursday. The brokerage issued a buy rating on the technology company’s stock.

A number of other equities analysts have also commented on VIPS. Benchmark raised shares of Vipshop from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Friday, February 24th. JPMorgan Chase & Co. increased their price objective on shares of Vipshop from $10.00 to $17.00 and gave the company a neutral rating in a research note on Wednesday, January 11th. Nomura Instinet upgraded shares of Vipshop from a neutral rating to a buy rating and increased their price objective for the company from $10.00 to $17.00 in a research note on Friday, February 24th. UBS Group upgraded shares of Vipshop from a neutral rating to a buy rating and set a $17.50 price objective on the stock in a research note on Friday, February 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Vipshop from $10.10 to $11.40 and gave the company a neutral rating in a research note on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $13.18.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $14.98 on Thursday. The firm has a market cap of $10.17 billion, a PE ratio of 10.33 and a beta of 0.45. The firm’s 50 day simple moving average is $14.80 and its 200-day simple moving average is $11.82. Vipshop has a one year low of $6.36 and a one year high of $16.18.

Vipshop (NYSE:VIPS – Get Rating) last issued its earnings results on Thursday, February 23rd. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.52 billion. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. Equities research analysts predict that Vipshop will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Vipshop by 18.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock worth $65,000 after buying an additional 730 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Vipshop by 14.0% during the fourth quarter. Quadrant Capital Group LLC now owns 9,892 shares of the technology company’s stock worth $135,000 after buying an additional 1,211 shares during the period. IFP Advisors Inc lifted its stake in shares of Vipshop by 69.5% during the fourth quarter. IFP Advisors Inc now owns 3,115 shares of the technology company’s stock worth $38,000 after buying an additional 1,277 shares during the period. Creative Planning lifted its stake in shares of Vipshop by 1.5% during the second quarter. Creative Planning now owns 87,125 shares of the technology company’s stock worth $862,000 after buying an additional 1,300 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Vipshop by 12.1% during the fourth quarter. HighTower Advisors LLC now owns 14,904 shares of the technology company’s stock worth $204,000 after buying an additional 1,604 shares during the period. 49.81% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop

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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.