Taylor Frigon Capital Management LLC reduced its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 35.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,582 shares of the information services provider's stock after selling 11,521 shares during the period. Wix.com accounts for about 1.7% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Taylor Frigon Capital Management LLC's holdings in Wix.com were worth $3,446,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Dorsal Capital Management LP grew its stake in shares of Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider's stock valued at $206,791,000 after buying an additional 250,000 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Wix.com by 2.9% during the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider's stock valued at $190,482,000 after buying an additional 33,338 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider's stock valued at $124,973,000 after buying an additional 171,500 shares during the last quarter. Eminence Capital LP grew its stake in shares of Wix.com by 7.3% during the second quarter. Eminence Capital LP now owns 244,424 shares of the information services provider's stock valued at $38,881,000 after buying an additional 16,529 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Wix.com by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 112,500 shares of the information services provider's stock valued at $15,466,000 after buying an additional 796 shares during the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
Wix.com Stock Down 1.0 %
Shares of Wix.com stock traded down $1.66 during trading on Thursday, reaching $162.46. The company's stock had a trading volume of 272,271 shares, compared to its average volume of 551,568. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 143.25, a P/E/G ratio of 3.55 and a beta of 1.48. Wix.com Ltd. has a 1-year low of $76.90 and a 1-year high of $179.00. The company has a 50-day simple moving average of $163.45 and a two-hundred day simple moving average of $154.66.
Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.35. The firm had revenue of $435.70 million during the quarter, compared to analysts' expectations of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. As a group, analysts anticipate that Wix.com Ltd. will post 2.1 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently commented on WIX. UBS Group upped their target price on Wix.com from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. JMP Securities restated a "market outperform" rating and set a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Benchmark raised 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. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of Wix.com in a report on Monday, October 7th. Finally, KeyCorp began coverage on Wix.com in a report on Thursday, July 25th. They set a "sector weight" rating on the stock. Three 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 data from MarketBeat, Wix.com currently has an average rating of "Moderate Buy" and an average price target of $190.06.
Read Our Latest Stock Report on WIX
About Wix.com
(
Free Report)
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.
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