In yesterday’s Wall Street session, Vipshop Holdings Limited (NYSE:VIPS) shares traded at $16.21, up 2.53% from the previous session.
VIPS stock price is now 8.13% away from the 50-day moving average and 32.43% away from the 200-day moving average. The market capitalization of the company currently stands at $9.42B.
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With the price target maintained at $17.30, Daiwa Securities recently Upgraded its rating from Neutral to Outperform for Vipshop Holdings Limited (NYSE: VIPS). On February 24, 2023, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $17.50, while ‘The Benchmark Company’ rates the stock as ‘Buy’.
A total of 1.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VIPS stock. A new stake in Vipshop Holdings Limited shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $43,584,000. SNOW LAKE CAPITAL (HK) LTD invested $17,831,000 in shares of VIPS during the first quarter. In the first quarter, SNOW LAKE MANAGEMENT LP acquired a new stake in Vipshop Holdings Limited valued at approximately $14,589,000. MARSHALL WACE, LLP acquired a new stake in VIPS for approximately $12,206,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in VIPS valued at around $10,089,000 in the second quarter. In total, there are 511 active investors with 72.00% ownership of the company’s stock.
Tuesday morning saw Vipshop Holdings Limited (NYSE: VIPS) opened at $15.57. During the past 12 months, Vipshop Holdings Limited has had a low of $6.36 and a high of $16.18. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.20, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $5.87B, which is based on a 11.46 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for VIPS is $15.03 and a two-hundred day moving average price translates $12.28 for the stock.
The latest earnings results from Vipshop Holdings Limited (NYSE: VIPS) was released for Dec, 2022. According to the Internet Retail Company, earnings per share came in at $0.53, beating analysts’ expectations of $0.47 by 0.06. This compares to $0.34 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 19.20% for VIPS. The company reported revenue of $4.27 billion for the quarter, compared to $5.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.46 percent. For the current quarter, analysts expect VIPS to generate $3.75B in revenue.
Vipshop Holdings Limited(VIPS) 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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products. It also provides internet finance services, including consumer and supplier financing. In addition, the company engages in warehousing services, retail business, product procurement, and software development and information technology support activities. The company provides its branded products through its vip.com and vipshop.com online platforms, as well as through retail stores. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People’s Republic of China.
