Senvest Management LLC Buys 166,254 Shares of Wix.com Ltd. (NASDAQ:WIX)

Senvest Management LLC boosted its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 27.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 772,191 shares of the information services provider's stock after purchasing an additional 166,254 shares during the quarter. Wix.com accounts for about 3.7% of Senvest Management LLC's portfolio, making the stock its 12th largest holding. Senvest Management LLC owned approximately 1.35% of Wix.com worth $94,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WIX. First Trust Advisors LP grew its position in Wix.com by 22,397.5% in the 1st quarter. First Trust Advisors LP now owns 690,449 shares of the information services provider's stock worth $72,124,000 after purchasing an additional 687,380 shares during the period. Millennium Management LLC boosted its holdings in shares of Wix.com by 139.8% during the 4th quarter. Millennium Management LLC now owns 895,821 shares of the information services provider's stock worth $68,826,000 after purchasing an additional 522,264 shares during the last quarter. Norges Bank purchased a new stake in shares of Wix.com during the fourth quarter worth $27,591,000. Clearbridge Investments LLC boosted its stake in Wix.com by 43.5% in the third quarter. Clearbridge Investments LLC now owns 1,086,704 shares of the information services provider's stock valued at $99,759,000 after acquiring an additional 329,561 shares in the last quarter. Finally, Shannon River Fund Management LLC acquired a new stake in Wix.com in the third quarter valued at about $29,590,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WIX. Royal Bank of Canada boosted their price objective on shares of Wix.com from $135.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Benchmark upped their price objective on shares of Wix.com from $132.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. B. Riley raised their price target on shares of Wix.com from $120.00 to $141.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. UBS Group boosted their price objective on Wix.com from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Finally, StockNews.com cut Wix.com from a "buy" rating to a "hold" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.53.

Wix.com Trading Up 0.4 %

Shares of WIX stock traded up $0.57 on Friday, hitting $135.30. The stock had a trading volume of 288,224 shares, compared to its average volume of 406,719. Wix.com Ltd. has a twelve month low of $73.39 and a twelve month high of $146.21. The firm has a market cap of $7.53 billion, a P/E ratio of 246.00, a PEG ratio of 4.64 and a beta of 1.33. The company has a fifty day moving average price of $134.85 and a two-hundred day moving average price of $113.59.

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