American Century Companies Inc. Cuts Stock Holdings in VTEX (NYSE:VTEX)

American Century Companies Inc. lowered its position in shares of VTEX (NYSE:VTEX - Free Report) by 91.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,320 shares of the company's stock after selling 1,366,669 shares during the period. American Century Companies Inc. owned 0.07% of VTEX worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of VTEX by 120.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,389 shares of the company's stock valued at $314,000 after acquiring an additional 29,218 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in VTEX during the 4th quarter worth $33,000. Raymond James Financial Inc. acquired a new position in VTEX in the 4th quarter valued at $399,000. SBI Securities Co. Ltd. acquired a new stake in shares of VTEX during the 4th quarter worth $59,000. Finally, New York State Common Retirement Fund raised its stake in VTEX by 16.8% in the fourth quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock valued at $613,000 after purchasing an additional 14,986 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VTEX. UBS Group cut their price target on shares of VTEX from $12.50 to $11.00 and set a "buy" rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their price objective on VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a research report on Tuesday.

VTEX Stock Up 0.1 %

VTEX traded up $0.01 during midday trading on Thursday, hitting $4.88. The company had a trading volume of 52,234 shares, compared to its average volume of 818,331. The stock's 50 day moving average price is $5.17 and its 200 day moving average price is $6.01. VTEX has a 52 week low of $4.20 and a 52 week high of $8.24. The company has a market capitalization of $891.15 million, a price-to-earnings ratio of 81.43 and a beta of 1.30.

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.