Legato Capital Management LLC Sells 1,995 Shares of Wix.com Ltd. (NASDAQ:WIX)

Legato Capital Management LLC trimmed its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 23.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,583 shares of the information services provider's stock after selling 1,995 shares during the quarter. Legato Capital Management LLC's holdings in Wix.com were worth $1,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Procyon Advisors LLC grew its stake in Wix.com by 5.1% in the first quarter. Procyon Advisors LLC now owns 1,385 shares of the information services provider's stock worth $226,000 after purchasing an additional 67 shares in the last quarter. Bessemer Group Inc. grew its stake in Wix.com by 9.7% in the fourth quarter. Bessemer Group Inc. now owns 871 shares of the information services provider's stock worth $188,000 after purchasing an additional 77 shares in the last quarter. Yousif Capital Management LLC grew its stake in Wix.com by 4.9% in the first quarter. Yousif Capital Management LLC now owns 1,833 shares of the information services provider's stock worth $299,000 after purchasing an additional 85 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Wix.com by 1.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,424 shares of the information services provider's stock worth $1,402,000 after purchasing an additional 96 shares in the last quarter. Finally, Korea Investment CORP grew its stake in Wix.com by 0.5% in the fourth quarter. Korea Investment CORP now owns 20,528 shares of the information services provider's stock worth $4,404,000 after purchasing an additional 100 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Price Performance

NASDAQ WIX traded up $0.12 on Friday, hitting $152.49. 608,755 shares of the stock were exchanged, compared to its average volume of 872,497. Wix.com Ltd. has a 52-week low of $137.94 and a 52-week high of $247.11. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 60.75, a P/E/G ratio of 2.46 and a beta of 1.31. The company's 50-day moving average price is $157.09 and its two-hundred day moving average price is $179.84.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WIX shares. Bank of America cut their price target on Wix.com from $270.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Benchmark cut their price target on Wix.com from $260.00 to $245.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Royal Bank Of Canada cut their price target on Wix.com from $245.00 to $210.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Cfra Research cut Wix.com from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Jefferies Financial Group cut their price target on Wix.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Wix.com has an average rating of "Buy" and an average price target of $228.95.

About Wix.com

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.