Bank of America Corp DE Sells 131,878 Shares of Wix.com Ltd. $WIX

Key Points

• Bank of America reduced its Wix.com stake by 26.4% in the first quarter, selling 131,878 shares and retaining 367,882 shares valued at approximately $33.1 million. Institutional investors collectively own 81.52% of the company.
• Wix.com reported quarterly revenue of $563.1 million, up 14.9% year over year, and adjusted earnings of $1.39 per share, exceeding analyst expectations. However, the company remains unprofitable on a net-margin basis and reported lower EPS than in the prior-year quarter.
• Analyst sentiment is mixed, with Wix carrying an average “Hold” rating and a $91.10 price target, while AI initiatives support its growth narrative. The company also faces legal and reputational risks from securities-fraud class-action allegations tied to its AI transition, competitive position and financial outlook.

Bank of America Corp DE cut its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 26.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,882 shares of the information services provider's stock after selling 131,878 shares during the period. Bank of America Corp DE owned 0.63% of Wix.com worth $33,135,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider's stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Wix.com by 18.7% in the fourth quarter. TD Private Client Wealth LLC now owns 940 shares of the information services provider's stock worth $98,000 after purchasing an additional 148 shares in the last quarter. Cerity Partners LLC raised its holdings in Wix.com by 13.4% in the second quarter. Cerity Partners LLC now owns 1,484 shares of the information services provider's stock worth $235,000 after purchasing an additional 175 shares in the last quarter. Dark Forest Capital Management LP lifted its position in Wix.com by 9.8% during the third quarter. Dark Forest Capital Management LP now owns 2,062 shares of the information services provider's stock valued at $366,000 after buying an additional 184 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Wix.com by 1.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,013 shares of the information services provider's stock valued at $1,144,000 after buying an additional 188 shares during the period. 81.52% of the stock is owned by institutional investors.

Wix.com News Summary

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Investor attention remains partly supported by Wix’s artificial-intelligence strategy. The recent launch of Symphony, an AI-agent platform for small businesses, and earlier momentum in Base44 could reinforce the long-term growth narrative. Wix.com shares rise as investors weigh recent AI launches against last week’s earnings reset
• Neutral Sentiment: Institutional positioning is mixed: 130 investors reportedly added WIX shares in the latest quarter, while 264 reduced holdings. Several large funds increased positions, but Dorsal Capital Management cut its stake materially. Analyst views are also widely dispersed, with recently cited price targets ranging from $45 to $135.
• Negative Sentiment: Several law firms, including Kahn Swick & Foti, Hagens Berman, Kaplan Fox, Rosen, and others, are publicizing a securities class action against Wix.com and certain officers. The case covers investors who acquired Wix securities between February 19, 2025, and May 12, 2026, with a September 22, 2026 deadline to seek lead-plaintiff status. Wix.com investors lead plaintiff deadline
• Negative Sentiment: The allegations reportedly center on Wix’s disclosures concerning its AI-related transition, competitive position, and financial outlook. Plaintiffs claim investors were harmed by a roughly 27% decline after the company announced first-quarter 2026 results. The notices do not establish wrongdoing, but the legal overhang raises reputational, financial, and management-risk concerns.
• Negative Sentiment: The litigation headlines add pressure to concerns already surrounding softer guidance and margins after the latest earnings update, even as revenue growth and AI bookings remain areas of investor interest.

Wix.com Stock Performance

NASDAQ:WIX opened at $74.13 on Friday. The firm has a market cap of $4.32 billion, a P/E ratio of -20.94, a P/E/G ratio of 35.23 and a beta of 0.90. Wix.com Ltd. has a fifty-two week low of $40.16 and a fifty-two week high of $190.93. The firm has a 50-day simple moving average of $52.25 and a two-hundred day simple moving average of $66.57.

Wix.com (NASDAQ:WIX - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.26. The firm had revenue of $563.06 million for the quarter, compared to the consensus estimate of $552.56 million. Wix.com had a negative net margin of 8.19% and a negative return on equity of 1.61%. The business's revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.28 earnings per share. On average, equities research analysts predict that Wix.com Ltd. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WIX shares. Morgan Stanley downgraded shares of Wix.com from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $112.00 to $60.00 in a research report on Tuesday, July 21st. Evercore set a $95.00 price target on shares of Wix.com in a research report on Tuesday, August 4th. Cantor Fitzgerald boosted their price objective on shares of Wix.com from $65.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Oppenheimer cut their price objective on shares of Wix.com from $115.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Wix.com from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, May 29th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $91.10.

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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