JPMorgan Chase & Co. Sells 191,752 Shares of VTEX (NYSE:VTEX)

JPMorgan Chase & Co. cut its holdings in VTEX (NYSE:VTEX - Free Report) by 39.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 298,482 shares of the company's stock after selling 191,752 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of VTEX worth $1,758,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Artisan Partners Limited Partnership grew its holdings in shares of VTEX by 7.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company's stock worth $8,623,000 after purchasing an additional 106,920 shares in the last quarter. AMS Capital Ltda lifted its position in VTEX by 54.4% during the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after purchasing an additional 395,030 shares during the period. State Street Corp increased its holdings in VTEX by 51.8% in the 3rd quarter. State Street Corp now owns 806,221 shares of the company's stock valued at $5,998,000 after buying an additional 275,024 shares during the period. Sei Investments Co. raised its position in shares of VTEX by 50.4% in the 4th quarter. Sei Investments Co. now owns 280,193 shares of the company's stock valued at $1,650,000 after buying an additional 93,873 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of VTEX by 16.8% during the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock worth $613,000 after acquiring an additional 14,986 shares during the period. 63.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

VTEX Price Performance

Shares of VTEX stock traded up $0.01 during trading on Wednesday, hitting $5.39. The company's stock had a trading volume of 1,352,553 shares, compared to its average volume of 611,110. The stock has a market cap of $985.29 million, a price-to-earnings ratio of 89.85 and a beta of 1.30. VTEX has a 52 week low of $4.20 and a 52 week high of $8.24. The stock has a 50-day moving average price of $4.92 and a two-hundred day moving average price of $5.87.

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.