Vipshop Holdings Ltd – (NYSE:VIPS) shares dropped 7.6% during mid-day trading on Monday . The company traded as low as $5.97 and last traded at $6.05. Approximately 13,195,300 shares traded hands during trading, an increase of 32% from the average daily volume of 9,977,693 shares. The stock had previously closed at $6.55.

VIPS has been the subject of a number of recent research reports. ValuEngine upgraded Vipshop from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. CLSA downgraded Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price objective for the company. in a research note on Tuesday, August 14th. Benchmark cut their price objective on Vipshop to $12.00 and set a “buy” rating for the company in a research note on Wednesday, August 15th. Zacks Investment Research downgraded Vipshop from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Finally, Macquarie cut their price objective on Vipshop from $16.50 to $10.50 and set an “outperform” rating for the company in a research note on Wednesday, August 15th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.65.

The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.41 and a beta of 1.75.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The business had revenue of $20.74 billion during the quarter, compared to the consensus estimate of $21.23 billion. During the same period in the prior year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. sell-side analysts predict that Vipshop Holdings Ltd – will post 0.4 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group raised its holdings 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 in the last quarter. BlackRock Inc. raised its holdings in shares of Vipshop by 4.4% during the 1st quarter. BlackRock Inc. now owns 20,882,282 shares of the technology company’s stock worth $347,062,000 after acquiring an additional 874,969 shares in the last quarter. OppenheimerFunds Inc. raised its holdings 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 in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Vipshop during the 1st quarter worth approximately $113,798,000. Finally, KEYWISE CAPITAL MANAGEMENT Ltd raised its holdings in shares of Vipshop by 157.3% during the 1st quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 6,766,900 shares of the technology company’s stock worth $112,466,000 after acquiring an additional 4,137,400 shares in the last quarter. Institutional investors and hedge funds own 50.06% of the company’s stock.

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

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