Renaissance Technologies LLC Decreases Stock Holdings in VTEX (NYSE:VTEX)

Renaissance Technologies LLC cut its holdings in VTEX (NYSE:VTEX - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 897,567 shares of the company's stock after selling 287,833 shares during the period. Renaissance Technologies LLC owned 0.49% of VTEX worth $5,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC bought a new position in shares of VTEX during the 3rd quarter valued at approximately $35,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in VTEX in the fourth quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in shares of VTEX during the fourth quarter worth $59,000. Employees Retirement System of Texas increased its stake in VTEX by 15.1% in the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company's stock worth $308,000 after buying an additional 6,836 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of VTEX by 120.9% during 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 in the last quarter. Institutional investors own 63.69% of the company's stock.

VTEX Trading Up 3.7 %

VTEX stock traded up $0.18 during mid-day trading on Tuesday, hitting $5.02. The company had a trading volume of 599,684 shares, compared to its average volume of 600,937. VTEX has a 12-month low of $4.20 and a 12-month high of $8.24. The company's fifty day moving average is $5.07 and its 200-day moving average is $5.94. The company has a market capitalization of $917.65 million, a price-to-earnings ratio of 83.68 and a beta of 1.30.

Analysts Set New Price Targets

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

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.