Russell Investments Group Ltd. Has $2.09 Million Stock Position in VTEX (NYSE:VTEX)

Russell Investments Group Ltd. reduced its holdings in VTEX (NYSE:VTEX - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 356,660 shares of the company's stock after selling 89,450 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of VTEX worth $2,094,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Trexquant Investment LP boosted its stake in VTEX by 38.3% during the 4th quarter. Trexquant Investment LP now owns 482,556 shares of the company's stock valued at $2,842,000 after purchasing an additional 133,647 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of VTEX in the fourth quarter valued at approximately $925,000. Artisan Partners Limited Partnership grew its stake in shares of VTEX by 7.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company's stock worth $8,623,000 after acquiring an additional 106,920 shares during the last quarter. EntryPoint Capital LLC bought a new position in VTEX during the fourth quarter worth $446,000. Finally, Sei Investments Co. raised its stake in VTEX by 50.4% during the 4th quarter. Sei Investments Co. now owns 280,193 shares of the company's stock valued at $1,650,000 after purchasing an additional 93,873 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

VTEX Price Performance

Shares of VTEX traded up $0.14 on Thursday, reaching $5.27. 79,101 shares of the stock traded hands, compared to its average volume of 600,363. The stock's 50-day moving average price is $5.04 and its 200-day moving average price is $5.93. The firm has a market cap of $962.44 million, a price-to-earnings ratio of 87.73 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.