Softbank Group CORP. Purchases 18,559,399 Shares of VTEX (NYSE:VTEX)

Softbank Group CORP. boosted its position in shares of VTEX (NYSE:VTEX) by 93.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,434,587 shares of the company’s stock after acquiring an additional 18,559,399 shares during the quarter. VTEX accounts for approximately 1.0% of Softbank Group CORP.’s investment portfolio, making the stock its 7th biggest position. Softbank Group CORP. owned 20.88% of VTEX worth $226,380,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VTEX. Barclays PLC acquired a new position in shares of VTEX in the third quarter worth $35,000. JPMorgan Chase & Co. grew its stake in VTEX by 31.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company’s stock worth $3,647,000 after purchasing an additional 116,895 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in VTEX during the 4th quarter worth about $412,000. AMS Capital Ltda raised its position in VTEX by 54.4% in the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock valued at $6,605,000 after purchasing an additional 395,030 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in VTEX by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company’s stock valued at $613,000 after purchasing an additional 14,986 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Trading Down 1.6%

VTEX stock opened at $6.32 on Friday. The company has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $5.80. The stock has a market cap of $1.16 billion, a P/E ratio of 105.35 and a beta of 1.29. VTEX has a 12-month low of $4.20 and a 12-month high of $8.03.

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

Wall Street Analyst Weigh In

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

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.