Engineers Gate Manager LP Grows Stake in Wix.com Ltd. $WIX

Key Points

• Engineers Gate Manager LP increased its Wix.com stake by 378% in the second quarter, purchasing 27,480 additional shares to own 34,750 shares worth approximately $1.58 million. Institutional investors collectively hold 81.52% of Wix’s stock.
• Wix reported quarterly revenue of $563.1 million, up 14.9% year over year, and adjusted EPS of $1.39, exceeding analyst expectations of $1.13. Analysts maintain a consensus “Hold” rating with an average price target of $90.57.
• Several law firms have announced securities-class-action investigations or filings alleging Wix overstated the competitiveness of its AI products and understated Base44-related risks; the allegations have not been proven, and investors are generally being urged to act before a September 22, 2026 deadline.

Engineers Gate Manager LP increased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 378.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,750 shares of the information services provider's stock after purchasing an additional 27,480 shares during the quarter. Engineers Gate Manager LP owned 0.06% of Wix.com worth $1,577,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of WIX. Empowered Funds LLC purchased a new position in shares of Wix.com during the 1st quarter worth approximately $2,381,000. Temasek Holdings Private Ltd lifted its stake in shares of Wix.com by 82.4% during the 4th quarter. Temasek Holdings Private Ltd now owns 756,866 shares of the information services provider's stock worth $78,631,000 after purchasing an additional 341,869 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Wix.com by 52.1% during the first quarter. Renaissance Technologies LLC now owns 576,049 shares of the information services provider's stock worth $51,885,000 after purchasing an additional 197,200 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Wix.com by 155.6% during the first quarter. Quantinno Capital Management LP now owns 122,722 shares of the information services provider's stock worth $11,054,000 after purchasing an additional 74,716 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Wix.com by 11,894.0% in the first quarter. Hsbc Holdings PLC now owns 3,529,474 shares of the information services provider's stock valued at $318,676,000 after purchasing an additional 3,500,047 shares during the period. Institutional investors and hedge funds own 81.52% of the company's stock.

Key Stories Impacting Wix.com

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

• Negative Sentiment: Multiple law firms announced or promoted a securities class action against Wix and certain officers for investors who purchased shares between February 19, 2025, and May 12, 2026. The complaints generally allege that Wix overstated the competitiveness of its artificial-intelligence products while understating Base44-related costs and risks involving professional-developer churn. Pomerantz class action announcement
• Negative Sentiment: The litigation creates potential legal costs, damages exposure and additional scrutiny of Wix’s AI strategy, Base44 integration and disclosures. One investor notice cited an alleged decline of $126.42 per share during the relevant period, although the allegations have not been proven in court. Levi & Korsinsky shareholder alert
• Neutral Sentiment: Investors who suffered losses are being urged to seek lead-plaintiff status, with most notices identifying September 22, 2026, as the deadline. One report cites September 23, so investors should verify the applicable deadline in the court filing. The announcements are largely law-firm solicitations and do not represent separate new lawsuits. Kaplan Fox investor notice

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WIX shares. Citigroup reiterated a "neutral" rating on shares of Wix.com in a research report on Wednesday, August 12th. Scotiabank reaffirmed an "outperform" rating on shares of Wix.com in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Wix.com from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, September 11th. Cantor Fitzgerald raised their target price on shares of Wix.com from $65.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial downgraded shares of Wix.com from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $75.00 to $70.00 in a report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $90.57.

Insider Activity at Wix.com

In other Wix.com news, CEO Avishai Abrahami acquired 654 shares of the company's stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $59.89 per share, with a total value of $39,168.06. Following the completion of the transaction, the chief executive officer directly owned 486,225 shares of the company's stock, valued at approximately $29,120,015.25. The trade was a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ron Gutler sold 5,718 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $85.42, for a total transaction of $488,431.56. Following the completion of the transaction, the director directly owned 15,631 shares in the company, valued at approximately $1,335,200.02. This represents a 26.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders bought 2,622 shares of company stock valued at $157,032 over the last quarter. Company insiders own 6.20% of the company's stock.

Wix.com Price Performance

NASDAQ WIX opened at $80.40 on Thursday. Wix.com Ltd. has a 1-year low of $40.16 and a 1-year high of $190.93. The firm has a market capitalization of $4.69 billion, a P/E ratio of -22.71, a P/E/G ratio of 39.25 and a beta of 1.02. The business's 50-day simple moving average is $68.52 and its 200-day simple moving average is $67.43.

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

About Wix.com

Wix.com Ltd. is an Israeli software company that operates a cloud-based website development platform. Its services enable individuals, entrepreneurs, small businesses and organizations to create, manage and grow websites without requiring extensive coding expertise.

The company offers customizable website templates and visual design tools, along with domain registration, web hosting, content management, search engine optimization and online marketing capabilities. Wix also provides tools for e-commerce, online payments, bookings, events, restaurants and other business operations, as well as professional development products through Wix Studio and third-party applications available through its app marketplace.

Founded in 2006 by Avishai Abrahami, Nadav Abrahami and Giora Kaplan, Wix is headquartered in Tel Aviv, Israel, and serves customers internationally.

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