Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Has $7.31 Million Holdings in Wix.com Ltd. (NASDAQ:WIX)

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,455 shares of the information services provider's stock after selling 38,721 shares during the quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD owned approximately 0.10% of Wix.com worth $7,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its position in shares of Wix.com by 112.1% in the third quarter. Canada Pension Plan Investment Board now owns 48,430 shares of the information services provider's stock valued at $4,446,000 after purchasing an additional 25,600 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Wix.com by 13.5% in the fourth quarter. Nordea Investment Management AB now owns 3,792 shares of the information services provider's stock valued at $472,000 after purchasing an additional 450 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Wix.com by 208.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 43,176 shares of the information services provider's stock worth $5,312,000 after buying an additional 29,194 shares in the last quarter. SG Americas Securities LLC grew its position in Wix.com by 8.0% during the fourth quarter. SG Americas Securities LLC now owns 15,577 shares of the information services provider's stock worth $1,916,000 after buying an additional 1,148 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Wix.com by 83.8% in the 3rd quarter. Boston Partners now owns 29,658 shares of the information services provider's stock valued at $2,723,000 after acquiring an additional 13,518 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WIX shares. Royal Bank of Canada increased their price target on Wix.com from $135.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 target price on shares of Wix.com in a research report on Wednesday, February 21st. Benchmark raised their target price on Wix.com from $132.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Piper Sandler raised their target price on Wix.com from $146.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Finally, Raymond James initiated coverage on Wix.com in a research report on Wednesday, March 27th. They set an "outperform" rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $139.53.

Wix.com Trading Down 1.6 %

NASDAQ WIX traded down $2.19 during trading hours on Thursday, hitting $134.73. The company's stock had a trading volume of 274,193 shares, compared to its average volume of 578,007. Wix.com Ltd. has a 52 week low of $73.39 and a 52 week high of $146.21. The company has a market capitalization of $7.50 billion, a PE ratio of 244.96, a price-to-earnings-growth ratio of 4.73 and a beta of 1.33. The company's 50-day simple moving average is $134.71 and its two-hundred day simple moving average is $113.17.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its earnings results on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.98 by $0.24. Wix.com had a net margin of 2.12% and a negative return on equity of 40.56%. The firm had revenue of $403.80 million for the quarter, compared to analysts' expectations of $416.87 million. During the same quarter last year, the firm earned ($0.42) EPS. The company's quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts anticipate that Wix.com Ltd. will post 1.16 EPS for the current fiscal year.

Wix.com 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; Wix ADI that enables users to have the freedom of customization that the classic editor offers.

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