Commonwealth Equity Services LLC lessened its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,823 shares of the information services provider’s stock after selling 249 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Wix.com were worth $749,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in WIX. Amundi Pioneer Asset Management Inc. raised its holdings in Wix.com by 202.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,111 shares of the information services provider’s stock valued at $255,000 after buying an additional 1,413 shares during the period. American Century Companies Inc. purchased a new stake in Wix.com during the 2nd quarter valued at $211,000. Nisa Investment Advisors LLC raised its holdings in Wix.com by 130.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,710 shares of the information services provider’s stock valued at $787,000 after buying an additional 1,532 shares during the period. HighTower Advisors LLC raised its holdings in Wix.com by 5.2% during the 2nd quarter. HighTower Advisors LLC now owns 1,377 shares of the information services provider’s stock valued at $399,000 after buying an additional 68 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its holdings in Wix.com by 34.2% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,029 shares of the information services provider’s stock valued at $299,000 after buying an additional 262 shares during the period. Institutional investors own 91.22% of the company’s stock.
Shares of WIX stock opened at $144.83 on Monday. Wix.com Ltd. has a 1-year low of $133.00 and a 1-year high of $362.07. The stock’s 50-day moving average is $163.97 and its 200 day moving average is $211.55. The company has a market cap of $8.11 billion, a P/E ratio of -60.10 and a beta of 1.29. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.83 and a quick ratio of 1.83.
Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, November 11th. The information services provider reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.33) by $1.12. Wix.com had a negative return on equity of 67.18% and a negative net margin of 10.61%. The company had revenue of $320.80 million for the quarter, compared to the consensus estimate of $314.83 million. During the same quarter last year, the company earned ($0.84) earnings per share. On average, analysts anticipate that Wix.com Ltd. will post -4.86 EPS for the current year.
Several analysts recently weighed in on WIX shares. Barclays decreased their price target on Wix.com from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, November 12th. Oppenheimer reduced their target price on Wix.com from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, November 15th. Royal Bank of Canada lowered Wix.com from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $270.00 to $210.00 in a research note on Thursday, October 21st. Needham & Company LLC reduced their target price on Wix.com from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, November 12th. Finally, Berenberg Bank started coverage on Wix.com in a research note on Monday, October 25th. They issued a “buy” rating and a $251.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wix.com has an average rating of “Buy” and an average price target of $273.63.
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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