Vipshop (VIPS) Upgraded by Sanford C. Bernstein to Outperform

Vipshop (NYSE:VIPS) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat reports. The brokerage presently has a $10.00 target price on the technology company’s stock. Sanford C. Bernstein’s price target indicates a potential downside of 33.95% from the stock’s current price.

A number of other analysts have also weighed in on VIPS. HSBC upgraded Vipshop from a “reduce” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub lowered Vipshop from a “hold” rating to a “sell” rating in a report on Sunday, September 24th. Zacks Investment Research lowered Vipshop from a “hold” rating to a “sell” rating in a report on Friday, November 24th. JPMorgan Chase & Co. lowered their target price on Vipshop from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, November 22nd. Finally, Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.26.

Vipshop (NYSE:VIPS) traded down $0.90 during trading on Tuesday, reaching $15.14. The company’s stock had a trading volume of 16,279,600 shares, compared to its average volume of 16,771,555. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. The stock has a market capitalization of $9,516.77, a price-to-earnings ratio of 31.54 and a beta of 2.11. Vipshop has a one year low of $7.79 and a one year high of $16.47.

Vipshop (NYSE:VIPS) last posted its earnings results on Monday, November 20th. The technology company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Vipshop had a return on equity of 34.85% and a net margin of 3.00%. research analysts anticipate that Vipshop will post 0.53 earnings per share for the current year.

Several hedge funds have recently modified their holdings of VIPS. Neuberger Berman Group LLC increased its position in shares of Vipshop by 3,636.3% during the third quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock worth $46,629,000 after purchasing an additional 5,162,758 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd increased its position in shares of Vipshop by 921.0% during the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock worth $41,829,000 after purchasing an additional 4,292,600 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of Vipshop by 553.9% during the third quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock worth $34,250,000 after purchasing an additional 3,300,586 shares in the last quarter. Prudential PLC increased its position in shares of Vipshop by 49.2% during the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock worth $91,872,000 after purchasing an additional 2,871,600 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Vipshop by 22.8% during the third quarter. Schroder Investment Management Group now owns 13,252,891 shares of the technology company’s stock worth $121,927,000 after purchasing an additional 2,461,480 shares in the last quarter. 52.93% of the stock is currently owned by institutional investors and hedge funds.

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Vipshop Company Profile

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.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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