Vipshop Holdings Ltd – (NYSE:VIPS) shares reached a new 52-week low on Monday . The company traded as low as $6.02 and last traded at $6.05, with a volume of 287931 shares changing hands. The stock had previously closed at $6.26.

A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Vipshop from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. CLSA downgraded shares of Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price target on the stock. in a report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Vipshop from a “hold” rating to a “sell” rating in a report on Saturday, June 30th. KeyCorp downgraded shares of Vipshop from an “overweight” rating to a “sector weight” rating and set a $20.00 price target on the stock. in a report on Tuesday, May 15th. Finally, Daiwa Capital Markets downgraded shares of Vipshop from a “neutral” rating to an “underperform” rating and cut their price target for the company from $16.00 to $8.00 in a report on Tuesday, August 14th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.65.

The firm has a market capitalization of $4.14 billion, a P/E ratio of 10.47 and a beta of 1.77.

Vipshop (NYSE:VIPS) last announced its earnings results on Monday, August 13th. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.11 by $0.73. The firm had revenue of $20.74 billion for the quarter, compared to the consensus estimate of $21.23 billion. Vipshop had a net margin of 2.78% and a return on equity of 15.75%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. sell-side analysts expect that Vipshop Holdings Ltd – will post 0.4 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in VIPS. Aperio Group LLC grew its position in Vipshop by 138.7% in the 1st quarter. Aperio Group LLC now owns 127,226 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 73,932 shares during the last quarter. BlackRock Inc. grew its position in Vipshop by 4.4% in the 1st quarter. BlackRock Inc. now owns 20,882,282 shares of the technology company’s stock worth $347,062,000 after purchasing an additional 874,969 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Vipshop by 30.6% during the 2nd quarter. First Trust Advisors LP now owns 439,154 shares of the technology company’s stock valued at $4,765,000 after acquiring an additional 102,861 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Vipshop by 12.9% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 106,686 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 12,213 shares in the last quarter. Finally, New Silk Road Investment PTE Ltd. acquired a new stake in shares of Vipshop during the 2nd quarter valued at about $14,598,000. Hedge funds and other institutional investors own 50.06% of the company’s stock.

About Vipshop (NYSE:VIPS)

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

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