Toth Financial Advisory Corp Makes New $661,000 Investment in Wix.com Ltd. (NASDAQ:WIX)

Toth Financial Advisory Corp bought a new stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 3,955 shares of the information services provider's stock, valued at approximately $661,000.

A number of other hedge funds have also recently added to or reduced their stakes in WIX. Blue Trust Inc. grew its holdings in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after purchasing an additional 98 shares during the period. Accurate Wealth Management LLC lifted its stake in Wix.com by 31.3% in the 3rd quarter. Accurate Wealth Management LLC now owns 6,035 shares of the information services provider's stock valued at $1,006,000 after buying an additional 1,438 shares in the last quarter. Creative Planning increased its stake in Wix.com by 15.8% during the 3rd quarter. Creative Planning now owns 9,310 shares of the information services provider's stock worth $1,556,000 after buying an additional 1,269 shares in the last quarter. Lakehouse Capital Pty Ltd raised its holdings in shares of Wix.com by 26.2% during the third quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider's stock valued at $10,148,000 after acquiring an additional 12,600 shares during the last quarter. Finally, CWM LLC boosted its stake 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 worth $106,000 after acquiring an additional 101 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $180.00 target price on shares of Wix.com in a research note on Thursday, July 25th. Evercore ISI raised Wix.com to a "strong-buy" rating in a report on Monday, August 5th. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Benchmark upped their target price on Wix.com from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, Piper Sandler upgraded Wix.com from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $184.00 to $200.00 in a report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.06.

Wix.com Stock Down 3.2 %

Wix.com stock traded down $5.54 during mid-day trading on Tuesday, reaching $166.93. 311,319 shares of the company's stock were exchanged, compared to its average volume of 554,877. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $179.00. The company has a fifty day moving average of $163.35 and a 200-day moving average of $154.59. The company has a market cap of $9.15 billion, a P/E ratio of 132.49, a P/E/G ratio of 3.69 and a beta of 1.48.

Wix.com (NASDAQ:WIX - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (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 prior year, the firm posted $0.58 EPS. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal year.

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.