Shares of Vipshop Holdings Limited (NYSE:VIPS) gapped up prior to trading on Friday . The stock had previously closed at $8.26, but opened at $8.88. Vipshop Holdings Limited shares last traded at $9.78, with a volume of 20486712 shares changing hands.

Several analysts have issued reports on the company. Daiwa Capital Markets downgraded Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research note on Thursday, August 17th. Zacks Investment Research downgraded Vipshop Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub raised Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Benchmark Co. lifted their target price on Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Macquarie lowered their target price on Vipshop Holdings Limited from $16.50 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.57.

The firm has a market capitalization of $4,785.63, a price-to-earnings ratio of 13.75 and a beta of 2.06. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The firm had revenue of $17.52 billion for the quarter, compared to the consensus estimate of $17.30 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 30.3% on a year-over-year basis. research analysts anticipate that Vipshop Holdings Limited will post 0.61 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. Neuberger Berman Group LLC raised its position in shares of Vipshop Holdings Limited by 3,636.3% in the third quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock valued at $46,629,000 after buying an additional 5,162,758 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd raised its position in shares of Vipshop Holdings Limited by 921.0% in the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock valued at $41,829,000 after buying an additional 4,292,600 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of Vipshop Holdings Limited by 316,672.7% in the second quarter. Commonwealth Bank of Australia now owns 3,484,500 shares of the technology company’s stock valued at $36,761,000 after buying an additional 3,483,400 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Vipshop Holdings Limited by 553.9% in the third quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after buying an additional 3,300,586 shares in the last quarter. Finally, Prudential PLC raised its position in shares of Vipshop Holdings Limited by 49.2% in the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after buying an additional 2,871,600 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.

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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.

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