Vipshop (NYSE:VIPS) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $12.83 and traded as high as $13.03. Vipshop shares last traded at $12.89, with a volume of 2,342,583 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VIPS shares. Citigroup lowered their price target on shares of Vipshop from $15.30 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vipshop in a research note on Friday, August 21st. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Monday, August 24th. JPMorgan Chase & Co. dropped their target price on Vipshop from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. Finally, Barclays cut their target price on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.16.

Vipshop Trading Up 1.2%

The firm has a market capitalization of $6.17 billion, a P/E ratio of 4.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57. The business’s 50 day simple moving average is $12.83 and its two-hundred day simple moving average is $14.66.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Analysts predict that Vipshop Holdings Limited will post 1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,864 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Vipshop during the 2nd quarter valued at $58,000. State of Wyoming increased its holdings in shares of Vipshop by 10,007.7% in the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after purchasing an additional 6,505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Vipshop in the 3rd quarter worth $97,000. Finally, Ramsey Quantitative Systems bought a new stake in shares of Vipshop in the 2nd quarter worth $117,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

About Vipshop

Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.