Jane Street Group LLC Has $211,000 Holdings in VTEX (NYSE:VTEX)

Jane Street Group LLC decreased its stake in shares of VTEX (NYSE:VTEX) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,327 shares of the company’s stock after selling 52,696 shares during the quarter. Jane Street Group LLC’s holdings in VTEX were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Quarry LP boosted its stake in VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after acquiring an additional 1,869 shares in the last quarter. MQS Management LLC acquired a new position in shares of VTEX during the third quarter valued at about $91,000. Dynamic Technology Lab Private Ltd bought a new position in shares of VTEX during the 3rd quarter worth about $134,000. Quadrature Capital Ltd acquired a new stake in shares of VTEX in the 3rd quarter valued at about $165,000. Finally, Employees Retirement System of Texas increased its position in VTEX by 16.3% in the 2nd quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock valued at $190,000 after buying an additional 3,668 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VTEX. UBS Group cut their price target on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Citigroup began coverage on shares of VTEX in a research report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.74.

VTEX Stock Performance

Shares of VTEX opened at $5.89 on Monday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 98.18 and a beta of 1.33. VTEX has a 52 week low of $5.60 and a 52 week high of $9.59. The stock has a 50 day moving average price of $6.22 and a two-hundred day moving average price of $6.71.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The company had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. VTEX’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts forecast that VTEX will post 0.09 earnings per share for the current year.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.