Polar Capital Holdings Plc Boosts Stake in VTEX (NYSE:VTEX)

Polar Capital Holdings Plc lifted its stake in VTEX (NYSE:VTEX) by 21.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,229,168 shares of the company’s stock after purchasing an additional 936,551 shares during the period. Polar Capital Holdings Plc’s holdings in VTEX were worth $30,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in VTEX in the 4th quarter worth $33,000. Barclays PLC bought a new position in VTEX in the 3rd quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in VTEX in the 4th quarter worth $59,000. Occudo Quantitative Strategies LP bought a new position in VTEX in the 4th quarter worth $81,000. Finally, Graham Capital Management L.P. bought a new position in VTEX in the 4th quarter worth $101,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

VTEX Stock Down 1.6%

VTEX opened at $6.32 on Friday. The firm has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $5.80. VTEX has a 52 week low of $4.20 and a 52 week high of $8.03. The company has a market capitalization of $1.16 billion, a PE ratio of 105.35 and a beta of 1.29.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The business had revenue of $54.20 million during the quarter, compared to the consensus estimate of $52.81 million. As a group, sell-side analysts expect that VTEX will post 0.08 earnings per share for the current year.

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.