Vipshop (NYSE:VIPS) Rating Lowered to “Neutral” at Citigroup

Vipshop (NYSE:VIPS) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $18.00 target price on the technology company’s stock. Citigroup’s target price indicates a potential upside of 17.26% from the stock’s current price.

VIPS has been the subject of a number of other reports. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Barclays boosted their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Vipshop has an average rating of “Hold” and an average price target of $15.30.

Vipshop Price Performance

Shares of VIPS opened at $15.35 on Tuesday. The company has a market cap of $7.88 billion, a P/E ratio of 7.34, a PEG ratio of 1.52 and a beta of 0.53. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm’s 50 day moving average price is $15.62 and its 200 day moving average price is $14.63.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Research analysts forecast that Vipshop will post 1.95 earnings per share for the current year.

Hedge Funds Weigh In On Vipshop

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Vipshop by 378.0% in the 4th quarter. Wellington Management Group LLP now owns 465,352 shares of the technology company’s stock valued at $6,268,000 after purchasing an additional 367,999 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Vipshop in the fourth quarter valued at approximately $848,000. GF Fund Management CO. LTD. acquired a new stake in shares of Vipshop in the fourth quarter valued at approximately $7,094,000. Vise Technologies Inc. grew its position in shares of Vipshop by 60.5% during the fourth quarter. Vise Technologies Inc. now owns 40,006 shares of the technology company’s stock worth $539,000 after acquiring an additional 15,081 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Vipshop by 67.8% in the 4th quarter. Vident Advisory LLC now owns 32,426 shares of the technology company’s stock valued at $437,000 after acquiring an additional 13,106 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

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.