New York State Common Retirement Fund Grows Stake in VTEX (NYSE:VTEX)

New York State Common Retirement Fund boosted its position in VTEX (NYSE:VTEX) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,151 shares of the company’s stock after purchasing an additional 14,986 shares during the period. New York State Common Retirement Fund’s holdings in VTEX were worth $613,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its holdings in VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after buying an additional 1,869 shares during the last quarter. Barclays PLC acquired a new stake in VTEX during the 3rd quarter valued at $35,000. MQS Management LLC acquired a new stake in VTEX during the 3rd quarter valued at $91,000. Dynamic Technology Lab Private Ltd acquired a new stake in VTEX during the 3rd quarter valued at $134,000. Finally, Quadrature Capital Ltd acquired a new stake in VTEX during the 3rd quarter valued at $165,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Stock Down 2.8 %

Shares of VTEX stock opened at $4.34 on Wednesday. The business has a 50 day moving average of $6.06 and a two-hundred day moving average of $6.52. VTEX has a 52 week low of $4.20 and a 52 week high of $9.59. The company has a market cap of $797.76 million, a P/E ratio of 72.26 and a beta of 1.36.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VTEX shares. JPMorgan Chase & Co. decreased their price objective on VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Citigroup assumed coverage on VTEX in a research report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price on the stock.

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.