Benchmark Reiterates Hold Rating for Vipshop (NYSE:VIPS)

Benchmark restated their hold rating on shares of Vipshop (NYSE:VIPS - Free Report) in a research report released on Wednesday morning,Benzinga reports.

VIPS has been the subject of several other research reports. StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and decreased their price target for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 target price for the company. Citigroup lifted their price target on Vipshop from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, UBS Group downgraded Vipshop from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.50.

Vipshop Stock Performance

VIPS traded up $0.29 on Wednesday, hitting $13.55. 2,628,995 shares of the company were exchanged, compared to its average volume of 3,919,271. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19. The firm has a fifty day simple moving average of $14.64 and a two-hundred day simple moving average of $14.42. The stock has a market capitalization of $7.35 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 1.56 and a beta of 0.34.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. The business had revenue of $25.08 billion during the quarter, compared to analysts' expectations of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. On average, equities analysts expect that Vipshop will post 1.97 earnings per share for the current year.

Institutional Trading of Vipshop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI bought a new position in shares of Vipshop in the first quarter worth approximately $1,211,000. Swedbank AB bought a new stake in Vipshop during the 1st quarter valued at approximately $19,185,000. Canada Pension Plan Investment Board raised its position in shares of Vipshop by 6.9% during the first quarter. Canada Pension Plan Investment Board now owns 2,598,671 shares of the technology company's stock valued at $43,008,000 after buying an additional 167,565 shares during the last quarter. Lingohr Asset Management GmbH purchased a new position in shares of Vipshop during the third quarter valued at about $921,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company's stock worth $955,000 after buying an additional 31,816 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

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.