JPMorgan Chase & Co. Has $3.65 Million Stake in VTEX (NYSE:VTEX)

JPMorgan Chase & Co. boosted its stake in shares of VTEX (NYSE:VTEX) by 31.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,234 shares of the company’s stock after acquiring an additional 116,895 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of VTEX worth $3,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of VTEX by 15.9% during the 2nd quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock worth $6,816,000 after purchasing an additional 129,100 shares in the last quarter. State Street Corp grew its stake in VTEX by 51.8% during the third quarter. State Street Corp now owns 806,221 shares of the company’s stock worth $5,998,000 after buying an additional 275,024 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of VTEX by 2,128.1% in the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after acquiring an additional 533,163 shares during the last quarter. AMS Capital Ltda raised its stake in shares of VTEX by 12.9% in the third quarter. AMS Capital Ltda now owns 726,443 shares of the company’s stock valued at $5,405,000 after acquiring an additional 83,096 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of VTEX in the 3rd quarter worth approximately $660,000. 63.69% of the stock is owned by institutional investors.

VTEX Stock Up 0.3 %

VTEX stock opened at $6.01 on Friday. VTEX has a twelve month low of $5.60 and a twelve month high of $9.59. The company has a market cap of $1.11 billion, a P/E ratio of 100.10 and a beta of 1.33. The business has a fifty day moving average of $6.14 and a 200-day moving average of $6.67.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. As a group, equities research analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on VTEX. Citigroup initiated coverage on VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target for the company. UBS Group cut their price target on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, VTEX currently has a consensus rating of “Moderate Buy” and an average price target of $9.74.

VTEX Profile

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.