UBS AG started coverage on shares of Vipshop Holdings Limited (NYSE:VIPS) in a report published on Monday morning. The firm issued a neutral rating and a $9.00 target price on the technology company’s stock.

Several other brokerages have also issued reports on VIPS. Zacks Investment Research lowered shares of Vipshop Holdings Limited from a buy rating to a hold rating in a report on Wednesday, September 20th. BidaskClub raised shares of Vipshop Holdings Limited from a sell rating to a hold rating in a report on Monday, July 24th. Macquarie decreased their price target on shares of Vipshop Holdings Limited from $16.50 to $11.00 and set an outperform rating on the stock in a report on Friday, August 18th. Daiwa Capital Markets lowered shares of Vipshop Holdings Limited from a buy rating to a hold rating and set a $10.00 price target on the stock. in a report on Thursday, August 17th. Finally, HSBC Holdings plc lowered shares of Vipshop Holdings Limited from a hold rating to a reduce rating in a report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Vipshop Holdings Limited currently has a consensus rating of Hold and an average target price of $13.57.

Vipshop Holdings Limited (NYSE VIPS) traded up 0.51% during trading on Monday, reaching $7.91. 1,288,826 shares of the company’s stock were exchanged. The firm has a market cap of $4.65 billion, a P/E ratio of 15.33 and a beta of 1.88. The stock’s 50 day moving average price is $8.77 and its 200 day moving average price is $11.11. Vipshop Holdings Limited has a 52-week low of $7.79 and a 52-week high of $15.49.

Vipshop Holdings Limited (NYSE:VIPS) last released its earnings results on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The firm had revenue of $17.52 billion during the quarter, compared to the consensus estimate of $17.30 billion. During the same period in the prior year, the business earned $0.17 earnings per share. Vipshop Holdings Limited’s quarterly revenue was up 30.3% compared to the same quarter last year. Equities research analysts anticipate that Vipshop Holdings Limited will post $0.73 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of VIPS. BlackRock Inc. lifted its position in shares of Vipshop Holdings Limited by 4,449.5% in the 1st quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock worth $237,973,000 after purchasing an additional 17,447,045 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd lifted its position in shares of Vipshop Holdings Limited by 921.0% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock worth $41,829,000 after purchasing an additional 4,292,600 shares during the period. Commonwealth Bank of Australia lifted its position in shares of Vipshop Holdings Limited by 316,672.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,484,500 shares of the technology company’s stock worth $36,761,000 after purchasing an additional 3,483,400 shares during the period. Pictet Asset Management Ltd. lifted its position in shares of Vipshop Holdings Limited by 553.9% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock worth $34,250,000 after purchasing an additional 3,300,586 shares during the period. Finally, Prudential PLC lifted its position in shares of Vipshop Holdings Limited by 49.2% in the 2nd quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock worth $91,872,000 after purchasing an additional 2,871,600 shares during the period. Hedge funds and other institutional investors own 57.20% of the company’s stock.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop Holdings Limited (NYSE:VIPS)

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