Vipshop (NYSE:VIPS) Trading Up 1.5%

Vipshop Holdings Limited (NYSE:VIPS) traded up 1.5% on Monday . The stock traded as high as $13.44 and last traded at $13.42. 701,108 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,890,888 shares. The stock had previously closed at $13.22.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Citigroup dropped their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, StockNews.com lowered Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.67.

Vipshop Trading Up 3.8 %

The company’s 50-day moving average price is $14.42 and its two-hundred day moving average price is $15.83. The company has a market cap of $7.44 billion, a P/E ratio of 6.20 and a beta of 0.32.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. Equities analysts forecast that Vipshop Holdings Limited will post 2.16 earnings per share for the current year.

Institutional Trading of Vipshop

A number of hedge funds have recently bought and sold shares of VIPS. Assenagon Asset Management S.A. boosted its stake in Vipshop by 38.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,910 shares of the technology company’s stock worth $407,000 after purchasing an additional 6,368 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock valued at $66,000 after buying an additional 1,462 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Vipshop by 71.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 102,835 shares of the technology company’s stock valued at $1,804,000 after buying an additional 42,700 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Vipshop in the 4th quarter worth about $201,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Vipshop by 2.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 596,329 shares of the technology company’s stock worth $9,882,000 after acquiring an additional 12,490 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Company Profile

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.