The stock of Vipshop Holdings Ltd – ADR (NYSE:VIPS) is a huge mover today! About 4.20 million shares traded hands. Vipshop Holdings Ltd – ADR (NYSE:VIPS) has declined 9.09% since April 13, 2016 and is downtrending. It has underperformed by 13.02% the S&P500.
The move comes after 9 months positive chart setup for the $7.79B company. It was reported on Nov, 15 by Barchart.com. We have $19.29 PT which if reached, will make NYSE:VIPS worth $3.35B more.
Vipshop Holdings Ltd – ADR (NYSE:VIPS) Ratings Coverage
Out of 11 analysts covering Vipshop Holdings Limited (NYSE:VIPS), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. Vipshop Holdings Limited has been the topic of 19 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 16 by Bank of America. The firm earned “Underweight” rating on Thursday, December 17 by Morgan Stanley. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, November 16 report. Deutsche Bank upgraded the stock to “Buy” rating in Thursday, November 10 report. Bank of America downgraded the stock to “Neutral” rating in Monday, November 16 report. JP Morgan downgraded the shares of VIPS in a report on Wednesday, May 18 to “Neutral” rating. The rating was downgraded by Credit Agricole on Monday, November 16 to “Underperform”. The stock has “Neutral” rating given by Credit Suisse on Friday, February 26. The firm has “Neutral” rating given on Wednesday, August 31 by JP Morgan. On Wednesday, August 17 the stock rating was maintained by Nomura with “Buy”.
According to Zacks Investment Research, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou.”
More recent Vipshop Holdings Ltd – ADR (NYSE:VIPS) news were published by: Marketwatch.com which released: “Vipshop Holdings stock price target cut to $18 from $21” on March 29, 2012. Also Fool.com published the news titled: “Why Vipshop Holdings Ltd – ADR Stock Plunged Today” on November 13, 2015. Investorplace.com‘s news article titled: “VIPS Stock: The Vipshop Holdings Ltd â€“ ADR Growth Story Returns â€¦ For Now” with publication date: August 16, 2016 was also an interesting one.
VIPS Company Profile
Vipshop Holdings Limited, incorporated on August 27, 2010, is a holding company. The Firm is an online discount retailer for brands in China. The Firm offers branded products to clients 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. The Firm conducts its business through its subsidiaries and consolidated affiliated entities in China. Through its flash sales model, the Company sells limited quantities of discounted branded products online for limited periods of time. The Firm offers diversified product offerings from over 17,000 domestic and international brands, including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products. The Firm offers a range of services and products for clients through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.
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