Vipshop (NYSE:VIPS) Now Covered by Analysts at Barclays

Equities research analysts at Barclays initiated coverage on shares of Vipshop (NYSE:VIPS - Get Free Report) in a research note issued on Wednesday, MarketBeat.com reports. The firm set an "overweight" rating and a $19.00 price target on the technology company's stock. Barclays's price target would indicate a potential upside of 29.43% from the stock's current price.

Several other equities research analysts have also commented on the company. UBS Group lowered Vipshop from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. CLSA cut shares of Vipshop from an "outperform" rating to a "hold" rating and cut their price objective for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Thursday, September 12th. Morgan Stanley cut their price target on Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 20th. Finally, Citigroup increased their price target on Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.64.

Vipshop Price Performance

Vipshop stock traded up $0.10 during trading hours on Wednesday, hitting $14.68. 2,827,450 shares of the stock traded hands, compared to its average volume of 3,956,223. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 1.64 and a beta of 0.34. The firm's 50 day moving average price is $14.33 and its 200-day moving average price is $14.55.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. Vipshop's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Research analysts forecast that Vipshop will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of Vipshop

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock valued at $46,000 after purchasing an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Vipshop in the third quarter worth about $56,000. Employees Retirement System of Texas grew its stake in Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after acquiring an additional 2,717 shares in the last quarter. National Bank of Canada FI acquired a new stake in Vipshop in the 2nd quarter valued at about $136,000. Finally, Atomi Financial Group Inc. lifted its stake in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after purchasing an additional 702 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

About Vipshop

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.