SG Americas Securities LLC Sells 301,589 Shares of Vipshop Holdings Limited (NYSE:VIPS)

SG Americas Securities LLC decreased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 88.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,113 shares of the technology company’s stock after selling 301,589 shares during the period. SG Americas Securities LLC’s holdings in Vipshop were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC lifted its position in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after acquiring an additional 2,659,117 shares during the last quarter. Vanguard Group Inc. lifted its position in Vipshop by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after acquiring an additional 248,743 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vipshop by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock worth $87,771,000 after acquiring an additional 343,739 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Vipshop by 2.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after acquiring an additional 184,000 shares during the last quarter. Finally, LSV Asset Management lifted its position in Vipshop by 8.1% during the 2nd quarter. LSV Asset Management now owns 5,312,513 shares of the technology company’s stock worth $69,169,000 after acquiring an additional 397,852 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Down 0.4 %

NYSE:VIPS opened at $16.44 on Tuesday. The firm has a market capitalization of $8.92 billion, a PE ratio of 7.65 and a beta of 0.34. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The firm has a 50-day moving average price of $13.96 and a 200 day moving average price of $14.79.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. The firm had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, research analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Citigroup upped their price objective on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Morgan Stanley cut their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Vipshop currently has an average rating of “Hold” and a consensus target price of $17.42.

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.