ARK Investment Management LLC Has $2.09 Million Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

ARK Investment Management LLC decreased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 29.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,519 shares of the information services provider's stock after selling 5,276 shares during the period. ARK Investment Management LLC's holdings in Wix.com were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after acquiring an additional 98 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after purchasing an additional 488 shares in the last quarter. CWM LLC increased its holdings in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after purchasing an additional 101 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock valued at $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Wix.com in the 2nd quarter worth approximately $259,000. Institutional investors own 81.52% of the company's stock.

Wix.com Stock Up 0.3 %

Shares of WIX traded up $0.46 on Friday, hitting $172.50. The company's stock had a trading volume of 379,577 shares, compared to its average volume of 539,898. The firm's fifty day moving average price is $163.52 and its 200-day moving average price is $158.02. Wix.com Ltd. has a fifty-two week low of $85.38 and a fifty-two week high of $179.00. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 136.90, a P/E/G ratio of 3.55 and a beta of 1.47.

Wix.com (NASDAQ:WIX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. As a group, equities analysts predict that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on WIX. StockNews.com raised Wix.com from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Barclays dropped their price objective on Wix.com from $186.00 to $184.00 and set an "overweight" rating for the company in a report on Tuesday, October 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $180.00 target price on shares of Wix.com in a research note on Thursday, July 25th. Needham & Company LLC reissued a "buy" rating and set a $190.00 price target on shares of Wix.com in a research note on Wednesday, August 7th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of Wix.com in a research note on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.06.

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.