Harel Insurance Investments & Financial Services Ltd. Purchases 36,140 Shares of Wix.com Ltd. $WIX

Key Points

• Harel Insurance Investments & Financial Services Ltd. raised its Wix stake by 216.4% in Q4, buying 36,140 shares to hold 52,837 shares worth about $5.49 million (≈0.09% of the company).
• Wix beat Q4 EPS estimates with $1.81 per share (vs. $1.36 consensus) while reporting $524.3 million in revenue (a slight miss) and 13.9% year‑over‑year revenue growth.
• The board approved a $2.00 billion share buyback (up to 40.5% of shares); institutional ownership is ~81.5% and analysts' consensus is a "Moderate Buy" with an average target of $124.65.

Harel Insurance Investments & Financial Services Ltd. increased its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 216.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,837 shares of the information services provider's stock after buying an additional 36,140 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned 0.09% of Wix.com worth $5,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its position in Wix.com by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider's stock worth $27,000 after buying an additional 77 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Wix.com by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider's stock worth $172,000 after buying an additional 120 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Wix.com by 122.2% in the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider's stock worth $25,000 after purchasing an additional 132 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Wix.com by 2.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,666 shares of the information services provider's stock valued at $693,000 after purchasing an additional 142 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Wix.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 19,837 shares of the information services provider's stock valued at $3,524,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 81.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WIX shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $130.00 price objective on shares of Wix.com in a research report on Thursday, March 5th. Citizens Jmp downgraded Wix.com from a "market outperform" rating to a "market perform" rating in a research report on Tuesday, April 7th. Zacks Research upgraded Wix.com from a "strong sell" rating to a "hold" rating in a research report on Friday, January 30th. Royal Bank Of Canada lowered their price objective on Wix.com from $155.00 to $112.00 and set an "outperform" rating for the company in a research report on Thursday, March 5th. Finally, Weiss Ratings downgraded shares of Wix.com from a "hold (c-)" rating to a "sell (d)" rating in a research note on Friday, March 6th. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $124.65.

Wix.com Stock Performance

Shares of WIX stock opened at $77.03 on Wednesday. The firm has a market cap of $4.49 billion, a P/E ratio of 95.10, a P/E/G ratio of 2.44 and a beta of 1.01. Wix.com Ltd. has a fifty-two week low of $60.22 and a fifty-two week high of $191.24. The business's 50 day moving average price is $79.77 and its 200-day moving average price is $94.74.

Wix.com (NASDAQ:WIX - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.45. The firm 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%.The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. As a group, equities analysts predict that Wix.com Ltd. will post 1.57 EPS for the current year.

Wix.com declared that its board has approved a share buyback plan on Wednesday, January 28th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information services provider to buy up to 40.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

About Wix.com

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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