Allspring Global Investments Holdings LLC Has $421,000 Stock Holdings in Wix.com Ltd. $WIX

Key Points

• Allspring Global Investments Holdings LLC cut its Wix stake by 87.8% in Q4, selling 29,998 shares and leaving 4,173 shares valued at about $421,000.
• Wix topped EPS estimates in the latest quarter ($1.81 vs. $1.36) with revenue up 13.9% year‑over‑year, and its board has authorized a $2.00 billion share repurchase plan (up to 40.5% of shares).
• Analysts have a consensus rating of "Moderate Buy" with a $128.45 target, but the stock trades near $65 (one‑year low $60.22, market cap ~$3.8B) and remains below its 200‑day moving average, reflecting mixed sentiment.

Allspring Global Investments Holdings LLC lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 87.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,173 shares of the information services provider's stock after selling 29,998 shares during the period. Allspring Global Investments Holdings LLC's holdings in Wix.com were worth $421,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. lifted its position in shares of Wix.com by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider's stock worth $27,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider's stock worth $41,000 after purchasing an additional 215 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Wix.com during the 3rd quarter worth about $54,000. MAI Capital Management lifted its position in shares of Wix.com by 109.1% during the 3rd quarter. MAI Capital Management now owns 366 shares of the information services provider's stock worth $65,000 after purchasing an additional 191 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in shares of Wix.com during the 3rd quarter worth about $88,000. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Price Performance

NASDAQ WIX opened at $65.13 on Friday. The firm has a market cap of $3.80 billion, a PE ratio of 80.41, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. Wix.com Ltd. has a one year low of $60.22 and a one year high of $191.24. The stock's 50 day simple moving average is $79.77 and its 200 day simple moving average is $103.58.

Wix.com (NASDAQ:WIX - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The information services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.45. The business had revenue of $524.27 million for the quarter, compared to analyst estimates of $527.69 million. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.Wix.com's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 EPS. As a group, equities analysts expect that Wix.com Ltd. will post 3.65 earnings per share for the current year.

Wix.com announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information services provider to buy up to 40.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on WIX shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $100.00 price target on shares of Wix.com in a report on Wednesday, March 4th. UBS Group cut Wix.com from a "buy" rating to a "neutral" rating and cut their price target for the company from $145.00 to $96.00 in a report on Thursday, April 2nd. Needham & Company LLC cut their price target on Wix.com from $140.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Piper Sandler started coverage on Wix.com in a report on Thursday, March 12th. They issued a "neutral" rating and a $98.00 price target for the company. Finally, Zacks Research raised Wix.com from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.45.

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company's software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.

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