Vipshop Holdings Limited (VIPS) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Vipshop Holdings Limited (NYSE:VIPS) issued its quarterly earnings data on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01, Morningstar.com reports. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.62 billion. Vipshop Holdings Limited had a return on equity of 44.90% and a net margin of 3.50%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share.

Shares of Vipshop Holdings Limited (NYSE VIPS) remained flat at $11.79 during midday trading on Friday. The stock had a trading volume of 4,198,777 shares. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 23.16 and a beta of 1.84. Vipshop Holdings Limited has a 1-year low of $10.30 and a 1-year high of $17.41. The company has a 50-day moving average of $13.30 and a 200-day moving average of $12.59.

Earnings History for Vipshop Holdings Limited (NYSE:VIPS)

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VIPS has been the subject of a number of analyst reports. J P Morgan Chase & Co raised Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 price target for the company in a report on Tuesday, May 16th. Pacific Crest initiated coverage on Vipshop Holdings Limited in a report on Wednesday, March 22nd. They issued an “overweight” rating and a $17.00 price target for the company. Benchmark Co. initiated coverage on Vipshop Holdings Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $17.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price target on shares of Vipshop Holdings Limited in a report on Friday, May 19th. Finally, TheStreet raised Vipshop Holdings Limited from a “c+” rating to a “b” rating in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.11.

A number of institutional investors have recently bought and sold shares of VIPS. BlackRock Inc. raised its position in Vipshop Holdings Limited by 4,449.5% in the first quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock valued at $237,973,000 after buying an additional 17,447,045 shares during the period. FMR LLC raised its position in Vipshop Holdings Limited by 52.0% in the first quarter. FMR LLC now owns 30,780,132 shares of the technology company’s stock valued at $410,608,000 after buying an additional 10,529,919 shares during the period. FIL Ltd raised its position in Vipshop Holdings Limited by 55.6% in the fourth quarter. FIL Ltd now owns 24,409,800 shares of the technology company’s stock valued at $268,752,000 after buying an additional 8,725,770 shares during the period. Comgest Global Investors S.A.S. raised its position in Vipshop Holdings Limited by 36.6% in the fourth quarter. Comgest Global Investors S.A.S. now owns 21,983,703 shares of the technology company’s stock valued at $242,041,000 after buying an additional 5,891,100 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Vipshop Holdings Limited by 131.6% in the first quarter. Schroder Investment Management Group now owns 8,251,172 shares of the technology company’s stock valued at $110,730,000 after buying an additional 4,688,120 shares in the last quarter. Institutional investors own 68.52% 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.

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