Vipshop (NYSE:VIPS) Stock Price Down 5.1% – Here’s Why

Shares of Vipshop Holdings Limited (NYSE:VIPS) were down 5.1% on Tuesday . The stock traded as low as $15.57 and last traded at $15.61. Approximately 827,977 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 4,062,148 shares. The stock had previously closed at $16.45.

Analyst Ratings Changes

VIPS has been the topic of a number of recent analyst reports. UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Morgan Stanley reduced their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Citigroup lifted their price target on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.42.

Vipshop Stock Performance

The business has a 50 day moving average of $13.96 and a 200-day moving average of $14.79. The company has a market capitalization of $8.28 billion, a P/E ratio of 7.16 and a beta of 0.34.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The business had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. Vipshop’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. As a group, equities analysts forecast that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VIPS. Krane Funds Advisors LLC boosted its holdings in shares of Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after purchasing an additional 2,659,117 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after acquiring an additional 248,743 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vipshop by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock worth $87,771,000 after acquiring an additional 343,739 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after purchasing an additional 184,000 shares during the period. Finally, LSV Asset Management lifted its stake in Vipshop by 8.1% in the second quarter. LSV Asset Management now owns 5,312,513 shares of the technology company’s stock worth $69,169,000 after purchasing an additional 397,852 shares during the last quarter. 48.82% of the stock is currently owned by 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.