VELA Investment Management LLC decreased its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 95.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,622 shares of the information services provider's stock after selling 122,543 shares during the quarter. VELA Investment Management LLC's holdings in Wix.com were worth $255,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Senvest Management LLC lifted its position in shares of Wix.com by 24.8% during the 1st quarter. Senvest Management LLC now owns 3,754,680 shares of the information services provider's stock valued at $338,184,000 after buying an additional 746,200 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Wix.com by 11,894.0% during 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 in the last quarter. Wellington Management Group LLP lifted its holdings in Wix.com by 90.4% during the third quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider's stock valued at $602,270,000 after purchasing an additional 1,609,989 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Wix.com by 879.0% in the second quarter. Ameriprise Financial Inc. now owns 2,031,591 shares of the information services provider's stock valued at $321,926,000 after purchasing an additional 1,824,070 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Wix.com by 57.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,585,962 shares of the information services provider's stock worth $142,848,000 after purchasing an additional 578,729 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
Wix.com Stock Performance
Shares of WIX stock opened at $76.21 on Monday. Wix.com Ltd. has a twelve month low of $40.16 and a twelve month high of $190.93. The company's 50-day moving average price is $63.84 and its 200-day moving average price is $66.82. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of -21.53, a PEG ratio of 36.22 and a beta of 1.02.
Wix.com (NASDAQ:WIX - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $552.56 million. Wix.com had a negative net margin of 8.19% and a negative return on equity of 1.61%. Wix.com's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $2.28 earnings per share. As a group, equities research analysts predict that Wix.com Ltd. will post 0.24 EPS for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on WIX. Barclays decreased their price target on shares of Wix.com from $155.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, May 14th. Cantor Fitzgerald boosted their price objective on Wix.com from $65.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on Wix.com from $86.00 to $62.00 and set an "underweight" rating for the company in a report on Thursday, June 18th. Weiss Ratings restated a "sell (d)" rating on shares of Wix.com in a research report on Wednesday, August 26th. Finally, Wells Fargo & Company boosted their price target on Wix.com from $46.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $90.57.
Get Our Latest Report on WIX
Key Headlines Impacting Wix.com
Here are the key news stories impacting Wix.com this week:
- Positive Sentiment: An insider, Yaniv Even-Haim, purchased 320 Wix shares at an average price of $59.89. Although the transaction was modest relative to his existing holdings, insider buying may signal confidence that the stock’s valuation is attractive after its recent volatility. Yaniv Even-Haim Acquires Wix Shares
- Positive Sentiment: Recent coverage remains constructive on Wix’s AI strategy, including its Harmony capabilities and the company’s effort to benefit from the shift toward AI-assisted website and software development. The stock also recently rallied sharply, reflecting renewed optimism about a potential AI-related comeback. Why Wix.com Stock Soared in August
- Neutral Sentiment: Wix’s latest reported quarter exceeded analyst expectations for earnings and revenue, with revenue increasing year over year. However, the company remained unprofitable on a net-margin basis, and its earnings outlook and valuation remain sensitive to execution in a competitive AI-driven market.
- Negative Sentiment: Several law firms publicized a securities class action against Wix and certain officers, with a September 22, 2026 deadline for investors to seek lead-plaintiff status. The lawsuits relate to investors who purchased shares between February 19, 2025 and May 12, 2026, and allege that Wix made misleading statements concerning Harmony, Base44 momentum, product capabilities, customer demand and competitive risks. The allegations have not been proven, but the legal publicity creates additional reputational, financial and management uncertainty. Wix Investor Class Action Deadline
- Negative Sentiment: Analyst commentary cited in the investor alerts points to reduced ratings or price targets amid concerns about Wix’s transition to “vibe coding,” Base44 costs, competition and the durability of demand. These concerns may be amplifying profit-taking after the stock’s recent advance. Wix Shareholder Alert
Insider Activity
In other Wix.com news, CEO Avishai Abrahami bought 654 shares of Wix.com stock in a transaction on Monday, August 31st. The shares were bought at an average price of $59.89 per share, for a total transaction 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 $29,120,015.25. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ron Gutler sold 5,718 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $85.42, for a total value 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 trade represents a 26.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have bought 2,622 shares of company stock worth $157,032. 6.20% of the stock is owned by company insiders.
About Wix.com
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Free Report)
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.
See Also
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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