Raymond James Financial Inc. Purchases Shares of 67,798 VTEX (NYSE:VTEX)

Raymond James Financial Inc. bought a new position in VTEX (NYSE:VTEX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,798 shares of the company's stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of VTEX by 2,128.1% in the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company's stock worth $4,144,000 after buying an additional 533,163 shares during the last quarter. AMS Capital Ltda boosted its holdings in VTEX by 54.4% in the fourth 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 in the last quarter. State Street Corp increased its position in VTEX by 51.8% during the 3rd quarter. State Street Corp now owns 806,221 shares of the company's stock valued at $5,998,000 after purchasing an additional 275,024 shares during the period. JPMorgan Chase & Co. raised its holdings in VTEX by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company's stock worth $3,647,000 after purchasing an additional 116,895 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in VTEX in the 3rd quarter worth $660,000. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTEX. UBS Group reduced their price target on shares of VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on VTEX from $9.50 to $9.00 and set an "overweight" rating on the stock in a report on Friday, January 10th.

VTEX Stock Up 3.5 %

Shares of NYSE:VTEX traded up $0.17 during midday trading on Friday, reaching $4.92. The company's stock had a trading volume of 517,176 shares, compared to its average volume of 598,234. The firm has a 50 day moving average of $5.28 and a 200-day moving average of $6.05. The firm has a market capitalization of $898.46 million, a P/E ratio of 81.93 and a beta of 1.30. VTEX has a 12-month low of $4.20 and a 12-month high of $8.24.

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.