Meitav Investment House Ltd. lessened its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 349,199 shares of the information services provider's stock after selling 185,509 shares during the quarter. Meitav Investment House Ltd. owned about 0.61% of Wix.com worth $42,935,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Wix.com by 5.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider's stock valued at $226,000 after buying an additional 129 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Wix.com by 21.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 763 shares of the information services provider's stock valued at $56,000 after buying an additional 136 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Wix.com by 2.7% during the second quarter. First Republic Investment Management Inc. now owns 6,310 shares of the information services provider's stock valued at $414,000 after buying an additional 167 shares during the last quarter. HighMark Wealth Management LLC purchased a new stake in shares of Wix.com during the fourth quarter valued at approximately $26,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Wix.com by 0.8% during the third quarter. Alliancebernstein L.P. now owns 34,442 shares of the information services provider's stock valued at $2,694,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.
Wix.com Stock Up 0.1 %
WIX stock traded up $0.18 during mid-day trading on Thursday, hitting $131.41. The company had a trading volume of 572,802 shares, compared to its average volume of 564,653. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 238.93, a P/E/G ratio of 4.64 and a beta of 1.33. Wix.com Ltd. has a 12-month low of $73.39 and a 12-month high of $146.21. The company has a 50-day moving average price of $135.27 and a 200 day moving average price of $114.61.
Wix.com (NASDAQ:WIX - Get Free Report) last announced its quarterly 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 business had revenue of $403.80 million for the quarter, compared to analysts' expectations of $416.87 million. During the same quarter in the previous year, the company earned ($0.42) EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts expect that Wix.com Ltd. will post 1.16 EPS for the current year.
Wall Street Analysts Forecast Growth
WIX has been the topic of several research reports. B. Riley raised their target price 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. Benchmark raised their target price on shares of Wix.com from $132.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Needham & Company LLC restated a "buy" rating and issued a $150.00 target price on shares of Wix.com in a report on Wednesday, February 21st. Royal Bank of Canada raised their target price on shares of Wix.com from $135.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Finally, JMP Securities increased their price target on shares of Wix.com from $130.00 to $150.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 24th. 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 has an average rating of "Moderate Buy" and a consensus target price of $139.53.
Read Our Latest Stock Analysis on Wix.com
About Wix.com
(
Free Report)
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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