HSBC Holdings plc downgraded shares of Vipshop Holdings Limited (NYSE:VIPS) from a hold rating to a reduce rating in a research report sent to investors on Thursday morning, Marketbeat reports.

A number of other analysts have also recently weighed in on the company. Daiwa Capital Markets cut Vipshop Holdings Limited from a buy rating to a hold rating and set a $10.00 price target on the stock. in a research report on Thursday. BidaskClub upgraded Vipshop Holdings Limited from a sell rating to a hold rating in a research report on Monday, July 24th. Deutsche Bank AG cut Vipshop Holdings Limited from a buy rating to a hold rating and dropped their price target for the stock from $15.50 to $12.60 in a research report on Friday, June 30th. TheStreet cut Vipshop Holdings Limited from a b rating to a c+ rating in a research report on Monday, June 19th. Finally, Jefferies Group LLC reiterated a buy rating and set a $17.00 price target on shares of Vipshop Holdings Limited in a research report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Vipshop Holdings Limited currently has an average rating of Hold and a consensus target price of $14.44.

Vipshop Holdings Limited (NYSE:VIPS) opened at 9.86 on Thursday. The stock has a market capitalization of $5.79 billion, a P/E ratio of 19.52 and a beta of 1.90. The firm has a 50 day moving average price of $11.30 and a 200 day moving average price of $12.61. Vipshop Holdings Limited has a 52 week low of $9.84 and a 52 week high of $16.24.

Vipshop Holdings Limited (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $17.52 billion for the quarter, compared to analyst estimates of $17.30 billion. Vipshop Holdings Limited had a return on equity of 42.46% and a net margin of 3.17%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Equities research analysts predict that Vipshop Holdings Limited will post $0.81 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of the company. Murphy Capital Management Inc. acquired a new position in shares of Vipshop Holdings Limited during the second quarter worth about $111,000. 1st Global Advisors Inc. raised its position in shares of Vipshop Holdings Limited by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after buying an additional 160 shares during the last quarter. FNY Partners Fund LP raised its position in shares of Vipshop Holdings Limited by 71.9% in the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after buying an additional 4,600 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Vipshop Holdings Limited by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after buying an additional 128 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of Vipshop Holdings Limited during the first quarter worth about $134,000. 68.10% of the stock is owned by institutional investors and hedge funds.

About Vipshop Holdings Limited

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 Holdings Limited (NYSE:VIPS)

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