Vipshop Holdings Ltd – (NYSE:VIPS) was down 7.8% during mid-day trading on Monday . The company traded as low as $7.45 and last traded at $7.58. Approximately 12,565,109 shares were traded during trading, an increase of 50% from the average daily volume of 8,368,572 shares. The stock had previously closed at $8.22.

A number of equities research analysts have recently issued reports on VIPS shares. Bank of America cut Vipshop from a “buy” rating to a “neutral” rating and set a $6.92 price objective for the company. in a report on Tuesday, February 19th. Macquarie cut Vipshop from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $5.90 in a report on Friday, February 22nd. Zacks Investment Research upgraded Vipshop from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Saturday, January 26th. ValuEngine upgraded Vipshop from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Finally, UBS Group cut Vipshop from a “neutral” rating to a “sell” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.71.

The company has a market cap of $5.42 billion, a PE ratio of 17.63 and a beta of 1.94.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $26.08 billion during the quarter, compared to analysts’ expectations of $26.78 billion. Vipshop had a return on equity of 12.71% and a net margin of 2.53%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. On average, equities analysts anticipate that Vipshop Holdings Ltd – will post 0.56 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in Vipshop by 101.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,267 shares in the last quarter. Cigna Investments Inc. New acquired a new position in Vipshop during the fourth quarter valued at approximately $58,000. Daiwa Securities Group Inc. acquired a new position in Vipshop during the first quarter valued at approximately $71,000. CIBC Asset Management Inc raised its position in Vipshop by 27.6% during the fourth quarter. CIBC Asset Management Inc now owns 13,196 shares of the technology company’s stock valued at $72,000 after purchasing an additional 2,855 shares in the last quarter. Finally, Wetherby Asset Management Inc. acquired a new position in Vipshop during the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

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About Vipshop (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 casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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