Vipshop (NYSE:VIPS) Trading Down 5.2%

Shares of Vipshop Holdings Limited (NYSE:VIPS) fell 5.2% during trading on Wednesday . The stock traded as low as $13.19 and last traded at $13.22. 1,695,155 shares traded hands during trading, a decline of 56% from the average session volume of 3,839,374 shares. The stock had previously closed at $13.94.

Wall Street Analysts Forecast Growth

VIPS has been the topic of several research reports. StockNews.com lowered shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Citigroup reduced their price objective on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vipshop has a consensus rating of “Moderate Buy” and an average price target of $22.67.

Vipshop Stock Performance

The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 6.18 and a beta of 0.32. The firm’s 50 day moving average is $14.10 and its 200-day moving average is $15.75.

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

Institutional Trading of Vipshop

Institutional investors and hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC raised its holdings in Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after acquiring an additional 708 shares during the period. Rakuten Securities Inc. bought a new stake in Vipshop during the fourth quarter valued at about $36,000. Richardson Financial Services Inc. acquired a new stake in shares of Vipshop in the fourth quarter valued at about $39,000. Blue Trust Inc. increased its stake in shares of Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after purchasing an additional 3,351 shares during the period. Finally, National Bank of Canada FI bought a new stake in Vipshop during the 2nd quarter valued at approximately $136,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.