Vipshop Holdings Limited (VIPS) Now Covered by UBS AG
UBS AG initiated coverage on shares of Vipshop Holdings Limited (NYSE:VIPS) in a research note published on Monday morning, www.benzinga.com reports. The firm issued a neutral rating and a $9.00 target price on the technology company’s stock.
Other equities research analysts have also issued research reports about the company. Daiwa Capital Markets lowered Vipshop Holdings Limited from a buy rating to a hold rating and set a $10.00 price target on the stock. in a research note on Thursday, August 17th. BidaskClub upgraded Vipshop Holdings Limited from a sell rating to a hold rating in a research report on Monday, July 24th. Benchmark Co. upped their target price on Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a buy rating in a research report on Friday, August 18th. Zacks Investment Research lowered Vipshop Holdings Limited from a buy rating to a hold rating in a research report on Wednesday, September 20th. Finally, HSBC Holdings plc lowered Vipshop Holdings Limited from a hold rating to a reduce rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $13.57.
Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The business had revenue of $17.52 billion for the quarter, compared to analysts’ expectations of $17.30 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. Vipshop Holdings Limited’s revenue was up 30.3% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in VIPS. Murphy Capital Management Inc. purchased a new stake in Vipshop Holdings Limited in the 2nd quarter worth approximately $111,000. 1st Global Advisors Inc. boosted its position in Vipshop Holdings Limited by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after purchasing an additional 160 shares in the last quarter. FNY Partners Fund LP boosted its position in Vipshop Holdings Limited by 71.9% in the 2nd quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after purchasing an additional 4,600 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Vipshop Holdings Limited in the 3rd quarter worth approximately $117,000. Finally, OLD National Bancorp IN boosted its position in Vipshop Holdings Limited by 1.1% in the 2nd quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds 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.
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