KeyCorp Analysts Give Vipshop Holdings Limited (VIPS) a $13.00 Price Target – Dispatch Tribunal


Vipshop Holdings Limited (NYSE:VIPS) received a $13.00 price objective from equities research analysts at KeyCorp in a research note issued to investors on Thursday, October 19th. The firm currently has a “buy” rating on the technology company’s stock. KeyCorp’s price target suggests a potential upside of 58.54% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Vipshop Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 30th. Zacks Investment Research raised shares of Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, September 5th. Finally, Deutsche Bank AG downgraded shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.50 to $12.60 in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.95.

Vipshop Holdings Limited (VIPS) traded down 1.80% during midday trading on Thursday, hitting $8.20. The stock had a trading volume of 4,157,292 shares. Vipshop Holdings Limited has a 52 week low of $7.80 and a 52 week high of $15.49. The company’s 50 day moving average price is $8.81 and its 200-day moving average price is $11.18. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 15.89 and a beta of 1.87.

Vipshop Holdings Limited (NYSE:VIPS) last announced its 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). Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The company had revenue of $17.52 billion for the quarter, compared to analysts’ expectations of $17.30 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Vipshop Holdings Limited’s quarterly revenue was up 30.3% on a year-over-year basis. Equities analysts anticipate that Vipshop Holdings Limited will post $0.73 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Murphy Capital Management Inc. purchased a new stake in shares of Vipshop Holdings Limited during the 2nd quarter valued at about $111,000. 1st Global Advisors Inc. increased its position in shares of Vipshop Holdings Limited by 1.5% during the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after acquiring an additional 160 shares during the period. FNY Partners Fund LP increased its position in shares of Vipshop Holdings Limited by 71.9% during the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after acquiring an additional 4,600 shares during the period. United Capital Financial Advisers LLC purchased a new position in shares of Vipshop Holdings Limited during the first quarter worth approximately $152,000. Finally, OLD National Bancorp IN increased its position in shares of Vipshop Holdings Limited by 1.1% during the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 56.54% of the company’s stock.

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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