Calamos Advisors LLC Lowers Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Calamos Advisors LLC trimmed its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 64.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,514 shares of the information services provider's stock after selling 24,863 shares during the period. Calamos Advisors LLC's holdings in Wix.com were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Wix.com by 518.3% during the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after acquiring an additional 1,266,202 shares in the last quarter. Dorsal Capital Management LP boosted its holdings in shares of Wix.com by 1.8% in the 4th quarter. Dorsal Capital Management LP now owns 1,425,000 shares of the information services provider's stock valued at $305,734,000 after buying an additional 25,000 shares in the last quarter. Senvest Management LLC boosted its holdings in shares of Wix.com by 27.3% in the 4th quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock valued at $305,260,000 after buying an additional 304,712 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of Wix.com by 55.1% in the 4th quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider's stock valued at $229,904,000 after buying an additional 380,800 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Wix.com by 21.0% in the 4th quarter. Renaissance Technologies LLC now owns 937,549 shares of the information services provider's stock valued at $201,151,000 after buying an additional 162,400 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WIX. Wall Street Zen upgraded shares of Wix.com from a "buy" rating to a "strong-buy" rating in a report on Saturday. UBS Group lowered their price target on shares of Wix.com from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Wells Fargo & Company upgraded shares of Wix.com from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $173.00 to $216.00 in a report on Monday, June 16th. Baird R W upgraded shares of Wix.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, Oppenheimer lowered their target price on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $228.95.

Wix.com Trading Down 0.2%

Shares of WIX stock traded down $0.41 during trading hours on Friday, hitting $164.17. The company's stock had a trading volume of 495,341 shares, compared to its average volume of 690,411. The company has a 50 day moving average of $162.11 and a 200 day moving average of $185.95. The stock has a market cap of $9.21 billion, a PE ratio of 65.41, a price-to-earnings-growth ratio of 2.62 and a beta of 1.31. Wix.com Ltd. has a 12-month low of $137.94 and a 12-month high of $247.11.

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.