Principal Financial Group Inc. Acquires New Holdings in VTEX $VTEX

Principal Financial Group Inc. purchased a new position in VTEX (NYSE:VTEX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,709 shares of the company’s stock, valued at approximately $735,000. Principal Financial Group Inc. owned 0.09% of VTEX as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BW Gestao de Investimentos Ltda. raised its position in VTEX by 1,301.0% during the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after purchasing an additional 693,457 shares in the last quarter. Geode Capital Management LLC purchased a new stake in VTEX in the second quarter worth about $4,543,000. Norges Bank bought a new stake in VTEX during the second quarter worth about $2,670,000. Legal & General Group Plc raised its position in shares of VTEX by 2,007.5% in the 2nd quarter. Legal & General Group Plc now owns 276,995 shares of the company’s stock worth $1,828,000 after purchasing an additional 263,852 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of VTEX by 145.8% in the 2nd quarter. Lazard Asset Management LLC now owns 316,400 shares of the company’s stock worth $2,088,000 after purchasing an additional 187,677 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VTEX. UBS Group cut VTEX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $4.00 in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a report on Friday, January 9th. JPMorgan Chase & Co. decreased their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.16.

VTEX Stock Up 0.2%

Shares of NYSE VTEX opened at $3.04 on Thursday. The company’s 50-day simple moving average is $3.47 and its 200-day simple moving average is $3.99. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01. The firm has a market cap of $554.80 million, a price-to-earnings ratio of 33.73 and a beta of 1.34. VTEX has a 52-week low of $2.96 and a 52-week high of $6.89.

VTEX Company Profile

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.