Dimensional Fund Advisors LP Boosts Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Dimensional Fund Advisors LP lifted its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 448.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,646 shares of the information services provider's stock after acquiring an additional 7,070 shares during the quarter. Dimensional Fund Advisors LP's holdings in Wix.com were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in WIX. Northwest Bank & Trust Co bought a new stake in Wix.com in the fourth quarter worth approximately $26,000. Fidelis Capital Partners LLC acquired a new stake in Wix.com in the first quarter valued at approximately $37,000. Industrial Alliance Investment Management Inc. grew its stake in Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock valued at $94,000 after acquiring an additional 488 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in Wix.com in the first quarter valued at approximately $214,000. Finally, Lakehouse Capital Pty Ltd acquired a new stake in Wix.com in the first quarter valued at approximately $218,000. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Up 0.3 %

Shares of NASDAQ:WIX traded up $0.49 during midday trading on Friday, reaching $167.59. 495,691 shares of the company traded hands, compared to its average volume of 360,123. Wix.com Ltd. has a 12 month low of $76.90 and a 12 month high of $178.65. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 147.01, a price-to-earnings-growth ratio of 3.55 and a beta of 1.48. The firm's fifty day moving average price is $161.68 and its two-hundred day moving average price is $152.83.

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

Analysts Set New Price Targets

A number of brokerages have commented on WIX. Piper Sandler raised Wix.com from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. KeyCorp assumed coverage on Wix.com in a research report on Thursday, July 25th. They set a "sector weight" rating on the stock. UBS Group lifted their target price on Wix.com from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Evercore ISI raised Wix.com to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of Wix.com in a report on Monday, October 7th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.06.

Wix.com Company 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.