SG Americas Securities LLC Has $21.13 Million Position in Vipshop Holdings Limited $VIPS

SG Americas Securities LLC boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 44.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,344,090 shares of the technology company’s stock after purchasing an additional 411,123 shares during the quarter. SG Americas Securities LLC’s holdings in Vipshop were worth $21,129,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arax Advisory Partners increased its stake in shares of Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after acquiring an additional 2,118 shares during the period. Cooper Investors PTY Ltd. bought a new position in Vipshop in the fourth quarter valued at about $58,000. Finally, Huntington National Bank boosted its holdings in Vipshop by 36.3% in the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,207 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VIPS. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Finally, Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Vipshop Stock Performance

Shares of VIPS opened at $13.39 on Thursday. The stock has a 50 day simple moving average of $14.24 and a 200 day simple moving average of $16.25. Vipshop Holdings Limited has a 52-week low of $13.00 and a 52-week high of $21.08. The firm has a market capitalization of $6.41 billion, a PE ratio of 6.29, a P/E/G ratio of 1.32 and a beta of 0.64.

About Vipshop

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.