5,083 Shares in VTEX (NYSE:VTEX) Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of VTEX (NYSE:VTEX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,083 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its position in shares of VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after acquiring an additional 1,869 shares during the last quarter. Barclays PLC purchased a new stake in VTEX in the third quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in VTEX in the fourth quarter valued at approximately $59,000. MQS Management LLC purchased a new position in VTEX in the 3rd quarter worth approximately $91,000. Finally, New York State Common Retirement Fund increased its holdings in shares of VTEX by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company’s stock worth $613,000 after buying an additional 14,986 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

VTEX Stock Performance

Shares of VTEX opened at $4.39 on Wednesday. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $9.10. The firm has a market cap of $806.96 million, a price-to-earnings ratio of 73.10 and a beta of 1.41. The firm has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.41.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VTEX shares. JPMorgan Chase & Co. dropped their price objective on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a report on Friday, January 10th. UBS Group dropped their price target on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Citigroup assumed coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective on the stock.

VTEX Company 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.