SG Americas Securities LLC Sells 829,206 Shares of Vipshop Holdings Limited $VIPS

SG Americas Securities LLC lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 43.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,097,785 shares of the technology company’s stock after selling 829,206 shares during the period. SG Americas Securities LLC’s holdings in Vipshop were worth $21,560,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Park Avenue Securities LLC bought a new position in Vipshop during the third quarter valued at $491,000. Kathmere Capital Management LLC purchased a new position in shares of Vipshop during the 3rd quarter valued at $208,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Vipshop by 2.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,204,449 shares of the technology company’s stock worth $239,695,000 after acquiring an additional 323,058 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Vipshop by 14.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 57,139 shares of the technology company’s stock worth $1,122,000 after acquiring an additional 7,314 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after acquiring an additional 2,492 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Trading Up 3.0%

Vipshop stock opened at $18.37 on Friday. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $21.08. The firm has a market capitalization of $9.42 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.72. The firm’s 50 day simple moving average is $19.14 and its 200 day simple moving average is $17.79.

Analyst Ratings Changes

Several equities research analysts have commented on VIPS shares. JPMorgan Chase & Co. upped their price objective on shares of Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.60 price target on shares of Vipshop in a report on Tuesday, December 30th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and a consensus target price of $20.38.

Vipshop Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.