Vipshop Holdings Ltd – (NYSE:VIPS) traded down 9.5% on Thursday . The stock traded as low as $5.35 and last traded at $5.40. 7,682,605 shares changed hands during trading, a decline of 20% from the average session volume of 9,555,545 shares. The stock had previously closed at $5.97.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Vipshop from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. CLSA downgraded shares of Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price target for the company. in a research report on Tuesday, August 14th. Daiwa Capital Markets downgraded shares of Vipshop from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $16.00 to $8.00 in a research report on Tuesday, August 14th. Zacks Investment Research cut shares of Vipshop from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Finally, Macquarie dropped their target price on shares of Vipshop from $16.50 to $10.50 and set an “outperform” rating on the stock in a report on Wednesday, August 15th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.21.

The firm has a market capitalization of $3.93 billion, a PE ratio of 8.72 and a beta of 1.71.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.73. Vipshop had a net margin of 2.78% and a return on equity of 15.75%. The company had revenue of $20.74 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same quarter last year, the company posted $1.18 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. On average, analysts forecast that Vipshop Holdings Ltd – will post 0.41 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Schroder Investment Management Group boosted its stake in shares of Vipshop by 27.2% during the 2nd quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock worth $267,808,000 after acquiring an additional 5,294,013 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Vipshop by 1,559.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock worth $224,580,000 after acquiring an additional 19,451,180 shares during the last quarter. FIL Ltd boosted its stake in shares of Vipshop by 18.5% during the 3rd quarter. FIL Ltd now owns 18,167,936 shares of the technology company’s stock worth $113,368,000 after acquiring an additional 2,841,430 shares during the last quarter. Global Thematic Partners LLC boosted its stake in shares of Vipshop by 63.1% during the 3rd quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock worth $39,825,000 after acquiring an additional 2,468,257 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Vipshop by 3,978.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after acquiring an additional 4,894,000 shares during the last quarter. Institutional investors and hedge funds own 50.13% of the company’s stock.

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Vipshop Company Profile (NYSE:VIPS)

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

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