Baillie Gifford & Co. Cuts Stock Holdings in Wix.com Ltd. $WIX

Key Points

• Baillie Gifford & Co. trimmed its stake in Wix by 1.3% in Q4, selling 37,534 shares and finishing the period with 2,854,611 shares — about 5.09% ownership worth roughly $296.6 million.
• Wix beat EPS expectations ($1.81 vs. $1.36) and reported 13.9% year‑over‑year revenue growth but slightly missed revenue estimates, with profitability still pressured (negative ROE and a 2.54% net margin).
• The company’s board authorized a $2.0 billion share repurchase plan (up to 40.5% of outstanding stock), while analysts remain mixed, giving an average price target of $128.45 and an overall "Moderate Buy" rating.

Baillie Gifford & Co. trimmed its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,854,611 shares of the information services provider's stock after selling 37,534 shares during the period. Baillie Gifford & Co. owned about 5.09% of Wix.com worth $296,566,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WIX. AQR Capital Management LLC boosted its stake in shares of Wix.com by 36.6% during the first quarter. AQR Capital Management LLC now owns 1,627 shares of the information services provider's stock valued at $266,000 after purchasing an additional 436 shares during the period. Woodline Partners LP boosted its stake in shares of Wix.com by 9.7% during the first quarter. Woodline Partners LP now owns 2,292 shares of the information services provider's stock valued at $374,000 after purchasing an additional 202 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider's stock valued at $41,000 after purchasing an additional 215 shares during the period. Cetera Investment Advisers boosted its stake in shares of Wix.com by 18.9% during the second quarter. Cetera Investment Advisers now owns 1,853 shares of the information services provider's stock valued at $294,000 after purchasing an additional 295 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Wix.com by 29.5% during the second quarter. American Century Companies Inc. now owns 6,930 shares of the information services provider's stock valued at $1,098,000 after purchasing an additional 1,580 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Stock Performance

Shares of Wix.com stock opened at $65.13 on Monday. The firm has a market capitalization of $3.80 billion, a P/E ratio of 80.41, a P/E/G ratio of 2.24 and a beta of 1.26. The business has a fifty day simple moving average of $79.77 and a two-hundred day simple moving average of $103.03. Wix.com Ltd. has a 12 month low of $60.22 and a 12 month high of $191.24.

Wix.com (NASDAQ:WIX - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.36 by $0.45. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.The business had revenue of $524.27 million during the quarter, compared to analyst estimates of $527.69 million. During the same quarter last year, the firm posted $2.10 earnings per share. The company's revenue for the quarter was up 13.9% on a year-over-year basis. Analysts predict that Wix.com Ltd. will post 3.65 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on WIX. Wall Street Zen lowered Wix.com from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. Zacks Research raised Wix.com from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Jefferies Financial Group dropped their price objective on Wix.com from $200.00 to $130.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. Raymond James Financial reissued a "strong-buy" rating and set a $100.00 price objective on shares of Wix.com in a research note on Wednesday, March 4th. Finally, Citigroup dropped their price objective on Wix.com from $150.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $128.45.

Wix.com Company 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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