Nicholas Investment Partners LP increased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 25.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,085 shares of the information services provider's stock after purchasing an additional 8,495 shares during the quarter. Nicholas Investment Partners LP owned 0.07% of Wix.com worth $5,177,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in WIX. Senvest Management LLC increased its stake in shares of Wix.com by 194.2% during the third quarter. Senvest Management LLC now owns 605,937 shares of the information services provider's stock valued at $55,625,000 after acquiring an additional 399,944 shares during the period. Clearbridge Investments LLC boosted its stake in Wix.com by 43.5% in the 3rd quarter. Clearbridge Investments LLC now owns 1,086,704 shares of the information services provider's stock worth $99,759,000 after purchasing an additional 329,561 shares during the period. Shannon River Fund Management LLC purchased a new position in Wix.com during the 3rd quarter worth approximately $29,590,000. Allspring Global Investments Holdings LLC raised its stake in Wix.com by 5,893.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 263,012 shares of the information services provider's stock valued at $24,145,000 after purchasing an additional 258,624 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Wix.com by 10.6% in the third quarter. Wellington Management Group LLP now owns 1,093,569 shares of the information services provider's stock valued at $100,390,000 after purchasing an additional 105,026 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on WIX. Royal Bank of Canada increased their price objective on Wix.com from $135.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. JMP Securities reiterated a "market outperform" rating and set a $150.00 price target on shares of Wix.com in a research note on Tuesday, April 30th. Benchmark reissued a "buy" rating and set a $175.00 price objective on shares of Wix.com in a research report on Wednesday. Barclays upped their price target on Wix.com from $147.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Finally, UBS Group lifted their price objective on Wix.com from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $144.29.
Check Out Our Latest Stock Analysis on WIX
Wix.com Trading Up 2.8 %
Shares of NASDAQ WIX traded up $3.77 during mid-day trading on Wednesday, hitting $137.36. The company had a trading volume of 899,047 shares, compared to its average volume of 554,527. The company has a market capitalization of $7.64 billion, a PE ratio of 249.75, a price-to-earnings-growth ratio of 4.29 and a beta of 1.34. Wix.com Ltd. has a one year low of $73.39 and a one year high of $146.21. The firm has a 50-day simple moving average of $130.63 and a two-hundred day simple moving average of $120.98.
Wix.com (NASDAQ:WIX - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $416.87 million. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The business's revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted ($0.42) earnings per share. Sell-side analysts expect that Wix.com Ltd. will post 1.19 earnings per share for the current fiscal year.
Wix.com Company Profile
(
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; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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