VTEX (NYSE:VTEX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of VTEX (NYSE:VTEX - Free Report) by 39.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,482 shares of the company's stock after selling 191,752 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of VTEX worth $1,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VTEX. State Street Corp increased its position in shares of 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 acquiring an additional 275,024 shares during the period. Barclays PLC purchased a new stake in VTEX during the 3rd quarter valued at about $35,000. FNY Investment Advisers LLC acquired a new position in shares of VTEX in the fourth quarter valued at about $408,000. Verde Servicos Internacionais S.A. purchased a new position in shares of VTEX in the fourth quarter worth about $412,000. Finally, AMS Capital Ltda lifted its holdings in shares of 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. Hedge funds and other institutional investors own 63.69% of the company's stock.

VTEX Price Performance

NYSE:VTEX traded down $0.03 during mid-day trading on Monday, hitting $5.33. The company's stock had a trading volume of 809,714 shares, compared to its average volume of 606,233. The business's fifty day moving average is $5.00 and its two-hundred day moving average is $5.89. The stock has a market cap of $974.32 million, a price-to-earnings ratio of 88.85 and a beta of 1.30. VTEX has a 1 year low of $4.20 and a 1 year high of $8.24.

Analysts Set New Price Targets

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

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.