Semanteon Capital Management LP increased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 255.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,526 shares of the information services provider's stock after purchasing an additional 3,253 shares during the period. Semanteon Capital Management LP's holdings in Wix.com were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after acquiring an additional 98 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Wix.com in the 1st quarter valued at $37,000. CWM LLC increased its stake in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after purchasing an additional 101 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its stake in shares of Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock valued at $94,000 after purchasing an additional 488 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock valued at $124,000 after purchasing an additional 124 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
Wix.com Stock Performance
Shares of NASDAQ:WIX traded up $0.23 during midday trading on Monday, reaching $164.50. The company's stock had a trading volume of 295,023 shares, compared to its average volume of 548,698. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 144.30, a PEG ratio of 3.49 and a beta of 1.48. The firm has a 50 day moving average price of $163.45 and a two-hundred day moving average price of $155.22. Wix.com Ltd. has a fifty-two week low of $76.90 and a fifty-two week high of $179.00.
Wix.com (NASDAQ:WIX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.35. The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The firm's revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. 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 brokerages have recently issued reports on WIX. Barclays decreased their price target on Wix.com from $186.00 to $184.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. UBS Group boosted their price objective on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research 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 research report on Monday, October 7th. Finally, Benchmark boosted their price objective on Wix.com from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wix.com has a consensus rating of "Moderate Buy" and a consensus target price of $190.06.
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Wix.com Profile
(
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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