Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Swedbank AB

Swedbank AB cut its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 66.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,624 shares of the information services provider's stock after selling 11,241 shares during the quarter. Swedbank AB's holdings in Wix.com were worth $940,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Dorsal Capital Management LP increased its stake in shares of Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider's stock valued at $206,791,000 after purchasing an additional 250,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Wix.com by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider's stock worth $124,973,000 after buying an additional 171,500 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Wix.com during the 2nd quarter valued at approximately $13,646,000. State Board of Administration of Florida Retirement System grew its stake in Wix.com by 2,110.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 69,595 shares of the information services provider's stock valued at $9,568,000 after acquiring an additional 66,447 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Wix.com by 416.5% in the 1st quarter. SG Americas Securities LLC now owns 80,455 shares of the information services provider's stock worth $11,061,000 after acquiring an additional 64,878 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Trading Down 2.2 %

WIX traded down $3.85 during mid-day trading on Friday, hitting $173.39. 442,396 shares of the stock were exchanged, compared to its average volume of 557,329. The company has a market cap of $9.91 billion, a PE ratio of 152.10, a PEG ratio of 3.46 and a beta of 1.48. The firm's fifty day moving average is $162.93 and its two-hundred day moving average is $153.87. Wix.com Ltd. has a 1-year low of $76.90 and a 1-year high of $179.00.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.32 by $0.35. The business had revenue of $435.70 million during 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 business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. As a group, research analysts anticipate that Wix.com Ltd. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on WIX shares. JMP Securities reiterated a "market outperform" rating and issued a $180.00 target price on shares of Wix.com in a research report on Thursday, July 25th. Benchmark lifted their price objective on Wix.com from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. StockNews.com raised Wix.com from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Needham & Company LLC restated a "buy" rating and issued a $190.00 target price on shares of Wix.com in a research report on Wednesday, August 7th. Finally, UBS Group boosted their price target on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.