SG Americas Securities LLC Has $29 Million Stock Holdings in Vipshop Holdings Limited $VIPS

SG Americas Securities LLC increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 6,092.5% during the second quarter, Holdings Channel reports. The firm owned 1,926,991 shares of the technology company’s stock after buying an additional 1,895,873 shares during the quarter. SG Americas Securities LLC’s holdings in Vipshop were worth $29,001,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. increased its position in Vipshop by 0.5% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock worth $2,006,000 after buying an additional 657 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its stake in shares of Vipshop by 5.0% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company’s stock worth $245,000 after acquiring an additional 755 shares during the period. Atlas Capital Advisors Inc. boosted its stake in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares during the period. Huntington National Bank increased its holdings in shares of Vipshop by 53.8% during the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,163 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,726 shares during the period. Institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VIPS shares. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Bank of America cut their target price on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research note on Friday, July 18th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vipshop in a report on Thursday. Finally, Citigroup boosted their price objective on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vipshop presently has an average rating of “Hold” and a consensus price target of $18.33.

Vipshop Stock Performance

VIPS stock opened at $19.40 on Friday. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08. The company has a market capitalization of $9.95 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. The company’s 50-day simple moving average is $18.81 and its 200 day simple moving average is $16.50.

Vipshop 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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.