Diversified Trust Co Increases Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Diversified Trust Co lifted its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 30.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 21,894 shares of the information services provider's stock after acquiring an additional 5,076 shares during the period. Diversified Trust Co's holdings in Wix.com were worth $3,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WIX. DekaBank Deutsche Girozentrale raised its position in Wix.com by 7.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,678 shares of the information services provider's stock worth $333,000 after purchasing an additional 192 shares during the period. HighMark Wealth Management LLC bought a new position in shares of Wix.com during the fourth quarter valued at approximately $26,000. Natixis Advisors L.P. boosted its stake in shares of Wix.com by 2.0% during the 4th quarter. Natixis Advisors L.P. now owns 10,980 shares of the information services provider's stock valued at $1,350,000 after purchasing an additional 214 shares in the last quarter. Northwest Bank & Trust Co bought a new position in shares of Wix.com in the 4th quarter worth approximately $26,000. Finally, TD Asset Management Inc lifted its position in Wix.com by 2.7% during the fourth quarter. TD Asset Management Inc now owns 14,913 shares of the information services provider's stock valued at $1,835,000 after buying an additional 386 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Price Performance

Shares of NASDAQ WIX traded up $0.41 during mid-day trading on Tuesday, hitting $157.73. 355,423 shares of the company's stock traded hands, compared to its average volume of 637,419. Wix.com Ltd. has a 1 year low of $75.09 and a 1 year high of $178.65. The company's 50-day moving average is $149.88 and its two-hundred day moving average is $137.00. The company has a market capitalization of $9.02 billion, a P/E ratio of 138.36, a PEG ratio of 3.76 and a beta of 1.47.

Wix.com (NASDAQ:WIX - Get Free Report) last released its earnings results on Monday, May 20th. The information services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. Wix.com had a negative return on equity of 59.67% and a net margin of 4.20%. The firm had revenue of $419.78 million for the quarter, compared to the consensus estimate of $417.71 million. Equities analysts anticipate that Wix.com Ltd. will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on WIX shares. StockNews.com upgraded shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, May 25th. Bank of America upped their price target on shares of Wix.com from $153.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, June 6th. Morgan Stanley lifted their price target on shares of Wix.com from $143.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, May 21st. Barclays lifted their target price on shares of Wix.com from $160.00 to $184.00 and gave the company an "overweight" rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group boosted their price objective on Wix.com from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, May 20th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Wix.com presently has an average rating of "Moderate Buy" and a consensus target price of $175.59.

About Wix.com

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.