VTEX (NYSE:VTEX) is Absoluto Partners Gestao de Recursos Ltda's 6th Largest Position

Absoluto Partners Gestao de Recursos Ltda cut its position in VTEX (NYSE:VTEX - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 674,355 shares of the company's stock after selling 394,267 shares during the period. VTEX accounts for 3.6% of Absoluto Partners Gestao de Recursos Ltda's investment portfolio, making the stock its 6th largest holding. Absoluto Partners Gestao de Recursos Ltda owned approximately 0.37% of VTEX worth $3,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VTEX. Barclays PLC acquired a new stake in shares of VTEX during the third quarter worth about $35,000. JPMorgan Chase & Co. lifted its stake in VTEX by 31.3% in the third quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company's stock valued at $3,647,000 after buying an additional 116,895 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of VTEX in the fourth quarter valued at approximately $408,000. Verde Servicos Internacionais S.A. purchased a new position in shares of VTEX during the fourth quarter worth approximately $412,000. Finally, AMS Capital Ltda increased its holdings in shares of VTEX by 54.4% in the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock valued at $6,605,000 after acquiring an additional 395,030 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Stock Down 1.8 %

Shares of VTEX stock traded down $0.10 on Monday, hitting $5.37. The company's stock had a trading volume of 596,468 shares, compared to its average volume of 613,804. The firm has a fifty day moving average price of $4.91 and a 200-day moving average price of $5.82. VTEX has a 52-week low of $4.20 and a 52-week high of $8.24. The company has a market capitalization of $981.63 million, a P/E ratio of 89.51 and a beta of 1.29.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a research note on Tuesday, April 15th.

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.