Wix.com Ltd. (NASDAQ:WIX) is Jackson Square Partners LLC's 2nd Largest Position

Jackson Square Partners LLC trimmed its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,165,965 shares of the information services provider's stock after selling 369,864 shares during the quarter. Wix.com accounts for 4.7% of Jackson Square Partners LLC's portfolio, making the stock its 2nd largest position. Jackson Square Partners LLC owned approximately 2.04% of Wix.com worth $143,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft bought a new stake in Wix.com in the 4th quarter valued at $233,000. Nicholas Investment Partners LP lifted its position in Wix.com by 25.3% during the 4th quarter. Nicholas Investment Partners LP now owns 42,085 shares of the information services provider's stock worth $5,177,000 after buying an additional 8,495 shares in the last quarter. Ieq Capital LLC bought a new stake in Wix.com during the 4th quarter worth about $214,000. BNP Paribas Financial Markets lifted its position in Wix.com by 13.1% during the 4th quarter. BNP Paribas Financial Markets now owns 20,876 shares of the information services provider's stock worth $2,568,000 after buying an additional 2,417 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Wix.com by 150.2% during the 4th quarter. Teacher Retirement System of Texas now owns 41,149 shares of the information services provider's stock worth $5,062,000 after buying an additional 24,703 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on WIX shares. Royal Bank of Canada boosted their price target on shares of Wix.com from $135.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. StockNews.com lowered shares of Wix.com from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group boosted their price objective on shares of Wix.com from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Piper Sandler boosted their price objective on shares of Wix.com from $146.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Finally, Benchmark restated a "buy" rating and set a $175.00 price objective on shares of Wix.com in a research note on Wednesday. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Wix.com has an average rating of "Moderate Buy" and an average target price of $144.29.

Wix.com Price Performance

Shares of WIX traded up $0.47 during trading hours on Friday, hitting $135.68. 1,027,255 shares of the stock were exchanged, compared to its average volume of 567,462. Wix.com Ltd. has a fifty-two week low of $73.39 and a fifty-two week high of $146.21. The business has a 50-day moving average of $130.42 and a 200-day moving average of $121.48. The firm has a market capitalization of $7.55 billion, a P/E ratio of 246.69, a price-to-earnings-growth ratio of 4.65 and a beta of 1.34.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 net margin of 2.12% and a negative return on equity of 40.56%. Wix.com's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) earnings per share. As a group, analysts forecast that Wix.com Ltd. will post 1.16 earnings per share 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; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.