Baillie Gifford & Co. Has $958.17 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Baillie Gifford & Co. cut its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,788,745 shares of the information services provider's stock after selling 118,845 shares during the period. Baillie Gifford & Co. owned approximately 13.63% of Wix.com worth $958,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WIX. HighMark Wealth Management LLC acquired a new position in shares of Wix.com during the fourth quarter worth approximately $26,000. Quarry LP acquired a new stake in Wix.com in the second quarter worth approximately $29,000. UniSuper Management Pty Ltd acquired a new stake in shares of Wix.com during the 2nd quarter valued at $31,000. BluePath Capital Management LLC acquired a new stake in shares of Wix.com during the 3rd quarter valued at $37,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Wix.com during the 3rd quarter valued at $45,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WIX shares. Barclays increased their price objective on Wix.com from $147.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. UBS Group increased their price objective on Wix.com from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Wix.com in a research report on Wednesday, February 21st. Piper Sandler increased their price objective on Wix.com from $146.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Finally, StockNews.com downgraded Wix.com from a "buy" rating to a "hold" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.53.

Wix.com Stock Performance

Shares of NASDAQ WIX traded up $1.24 during mid-day trading on Tuesday, reaching $136.09. The company had a trading volume of 327,916 shares, compared to its average volume of 565,998. Wix.com Ltd. has a twelve month low of $73.39 and a twelve month high of $146.21. The stock has a market capitalization of $7.57 billion, a PE ratio of 247.44, a price-to-earnings-growth ratio of 4.66 and a beta of 1.33. The stock's 50 day moving average is $135.10 and its 200-day moving average is $114.37.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The information services provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $403.80 million for the quarter, compared to the consensus estimate of $416.87 million. During the same period in the prior year, the business posted ($0.42) earnings per share. Wix.com's revenue for the quarter was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Wix.com Ltd. will post 1.16 EPS 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.