Fox Run Management L.L.C. Has $1.17 Million Holdings in Wix.com Ltd. $WIX

Key Points

• Fox Run Management L.L.C. increased its stake in Wix.com Ltd. by 651.9%, owning 7,128 shares valued at $1.17 million after purchasing an additional 6,180 shares in the first quarter.
• Multiple large investors have adjusted their holdings in Wix.com, with 81.52% of the stock currently owned by institutional investors and hedge funds.
• Wix.com reported earnings of $2.28 per share, exceeding estimates, along with a 12.4% year-over-year revenue increase, prompting a stock buyback plan of $200 million.

Fox Run Management L.L.C. boosted its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 651.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,128 shares of the information services provider's stock after buying an additional 6,180 shares during the quarter. Fox Run Management L.L.C.'s holdings in Wix.com were worth $1,165,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dorsal Capital Management LP grew its stake in shares of Wix.com by 1.8% during the 4th quarter. Dorsal Capital Management LP now owns 1,425,000 shares of the information services provider's stock worth $305,734,000 after acquiring an additional 25,000 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Wix.com by 55.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider's stock worth $229,904,000 after purchasing an additional 380,800 shares in the last quarter. Man Group plc boosted its holdings in Wix.com by 1.5% during the fourth quarter. Man Group plc now owns 643,651 shares of the information services provider's stock worth $138,095,000 after purchasing an additional 9,706 shares during the last quarter. Dorsey Asset Management LLC grew its position in Wix.com by 4.5% in the fourth quarter. Dorsey Asset Management LLC now owns 578,741 shares of the information services provider's stock valued at $124,169,000 after purchasing an additional 24,847 shares in the last quarter. Finally, Durable Capital Partners LP bought a new position in Wix.com in the fourth quarter valued at $89,839,000. Institutional investors own 81.52% of the company's stock.

Analysts Set New Price Targets

WIX has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Wix.com from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Barclays set a $235.00 target price on Wix.com and gave the stock an "overweight" rating in a report on Thursday, August 7th. Raymond James Financial reissued a "strong-buy" rating on shares of Wix.com in a research report on Thursday, August 7th. Benchmark decreased their price target on Wix.com from $260.00 to $245.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Wix.com from $189.00 to $166.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $215.63.

Wix.com Trading Up 0.2%

NASDAQ:WIX traded up $0.30 on Wednesday, hitting $126.92. The company's stock had a trading volume of 1,061,931 shares, compared to its average volume of 1,599,601. Wix.com Ltd. has a one year low of $114.89 and a one year high of $247.11. The stock has a fifty day moving average of $146.98 and a two-hundred day moving average of $166.16. The firm has a market capitalization of $7.12 billion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The information services provider reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.49. Wix.com had a negative return on equity of 136.43% and a net margin of 8.90%.The business had revenue of $489.93 million for the quarter, compared to analyst estimates of $487.62 million. During the same period in the previous year, the firm earned $1.67 EPS. The firm's revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wix.com Ltd. will post 3.65 EPS for the current year.

Wix.com declared that its Board of Directors has authorized a stock buyback plan on Monday, August 11th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.