Vipshop (NYSE:VIPS) Shares Gap Down – Here’s What Happened

Shares of Vipshop Holdings Limited (NYSE:VIPS) gapped down prior to trading on Monday . The stock had previously closed at $14.73, but opened at $13.62. Vipshop shares last traded at $13.92, with a volume of 1,338,034 shares.

Analysts Set New Price Targets

Several research firms have weighed in on VIPS. Citigroup cut their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has an average rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Down 3.6 %

The stock has a market capitalization of $7.29 billion, a P/E ratio of 6.79, a P/E/G ratio of 1.52 and a beta of 0.30. The firm has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $13.99.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Sell-side analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. First Beijing Investment Ltd bought a new stake in shares of Vipshop in the 3rd quarter worth $120,182,000. Norges Bank purchased a new stake in shares of Vipshop during the fourth quarter valued at $64,115,000. Polaris Capital Management LLC bought a new stake in Vipshop in the 4th quarter worth about $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Vipshop by 179.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after buying an additional 2,558,896 shares during the last quarter. Finally, Invesco Ltd. raised its position in Vipshop by 28.4% in the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock worth $104,516,000 after buying an additional 1,718,159 shares during the last quarter. 48.82% of the stock is 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.