Northern Trust Corp Purchases 97,239 Shares of VTEX (NYSE:VTEX)

Northern Trust Corp boosted its position in shares of VTEX (NYSE:VTEX - Free Report) by 245.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,898 shares of the company's stock after acquiring an additional 97,239 shares during the period. Northern Trust Corp owned 0.07% of VTEX worth $806,000 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 VTEX. AMS Capital Ltda lifted its position in VTEX by 54.4% during the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after acquiring an additional 395,030 shares during the last quarter. Walleye Capital LLC acquired a new position in VTEX during the 4th quarter worth $1,165,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of VTEX during the fourth quarter valued at about $925,000. Trexquant Investment LP raised its position in shares of VTEX by 38.3% during the fourth quarter. Trexquant Investment LP now owns 482,556 shares of the company's stock valued at $2,842,000 after buying an additional 133,647 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of VTEX by 7.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company's stock valued at $8,623,000 after buying an additional 106,920 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

VTEX Trading Up 3.6%

NYSE:VTEX traded up $0.23 during mid-day trading on Tuesday, hitting $6.64. The company's stock had a trading volume of 918,872 shares, compared to its average volume of 640,467. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $8.03. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 110.67 and a beta of 1.29. The stock has a fifty day moving average of $5.55 and a 200-day moving average of $5.76.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $54.20 million during the quarter, compared to analyst estimates of $52.81 million. On average, equities analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on VTEX. Wall Street Zen lowered shares of VTEX from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. upped their price objective on shares of VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Finally, Jefferies Financial Group began coverage on shares of VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, VTEX presently has a consensus rating of "Hold" and a consensus target price of $8.13.

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.