SG Americas Securities LLC Sells 24,367 Shares of Vipshop Holdings Limited (NYSE:VIPS)

SG Americas Securities LLC lowered its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 62.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,746 shares of the technology company's stock after selling 24,367 shares during the period. SG Americas Securities LLC's holdings in Vipshop were worth $199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its holdings in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after acquiring an additional 1,191 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Vipshop by 27.2% in the fourth quarter. Ritholtz Wealth Management now owns 136,360 shares of the technology company's stock worth $1,837,000 after purchasing an additional 29,192 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of Vipshop by 9.4% in the third quarter. DGS Capital Management LLC now owns 46,235 shares of the technology company's stock worth $727,000 after purchasing an additional 3,982 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Vipshop by 5.3% in the third quarter. Franklin Resources Inc. now owns 382,922 shares of the technology company's stock worth $6,299,000 after purchasing an additional 19,367 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Vipshop in the third quarter worth approximately $599,000. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of Vipshop stock traded down $0.14 during trading hours on Wednesday, reaching $14.91. The company had a trading volume of 4,209,706 shares, compared to its average volume of 3,213,547. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The business has a fifty day simple moving average of $13.78 and a 200 day simple moving average of $13.91. The firm has a market cap of $7.65 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup lowered their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, November 20th. Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price objective for the company. StockNews.com downgraded Vipshop from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Vipshop has a consensus rating of "Hold" and an average target price of $17.50.

About Vipshop

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.