Bank Julius Baer & Co. Ltd Zurich Makes New Investment in VTEX (NYSE:VTEX)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of VTEX (NYSE:VTEX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,083 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds also recently made changes to their positions in the company. Quarry LP increased its holdings in VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after buying an additional 1,869 shares during the last quarter. Barclays PLC bought a new position in shares of VTEX during the 3rd quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of VTEX during the 4th quarter worth approximately $59,000. MQS Management LLC bought a new stake in shares of VTEX in the 3rd quarter worth approximately $91,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in VTEX in the third quarter valued at approximately $134,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Trading Up 0.1 %

VTEX stock opened at $4.39 on Wednesday. The firm has a market capitalization of $806.96 million, a price-to-earnings ratio of 73.10 and a beta of 1.41. The firm has a 50 day simple moving average of $5.93 and a 200 day simple moving average of $6.41. VTEX has a 1-year low of $4.20 and a 1-year high of $9.10.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VTEX. Citigroup assumed coverage on VTEX in a research report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price for the company. JPMorgan Chase & Co. decreased their price objective on VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, UBS Group lowered their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.

About VTEX

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.