Meitav Investment House Ltd. lessened its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,238 shares of the information services provider's stock after selling 4,040 shares during the period. Meitav Investment House Ltd. owned about 0.43% of Wix.com worth $41,151,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after acquiring an additional 98 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Wix.com in the 1st quarter valued at $37,000. CWM LLC boosted its holdings 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 buying an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings 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 buying an additional 488 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings 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 buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on WIX shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Wix.com in a research note on Monday, October 7th. Benchmark raised their price target on shares of Wix.com from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a research note on Monday, August 5th. Piper Sandler raised shares of Wix.com from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $184.00 to $200.00 in a research note on Monday, September 23rd. Finally, UBS Group raised their price target on shares of Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.06.
Read Our Latest Stock Analysis on WIX
Wix.com Stock Down 0.5 %
Shares of WIX traded down $0.76 during mid-day trading on Thursday, reaching $167.12. 310,381 shares of the stock traded hands, compared to its average volume of 545,585. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 147.26, a P/E/G ratio of 3.49 and a beta of 1.48. The stock has a fifty day simple moving average of $163.28 and a 200 day simple moving average of $155.83. Wix.com Ltd. has a 12-month low of $76.90 and a 12-month high of $179.00.
Wix.com (NASDAQ:WIX - Get Free Report) last released its quarterly earnings results 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. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. During the same quarter last year, the company earned $0.58 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal year.
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.
Further Reading
Before you consider Wix.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.
While Wix.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
