Rice Hall James & Associates LLC decreased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,285 shares of the information services provider's stock after selling 3,440 shares during the period. Rice Hall James & Associates LLC owned about 0.16% of Wix.com worth $15,762,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in WIX. Blue Trust Inc. raised its stake in Wix.com by 98.0% during the third 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 bought a new stake in shares of Wix.com during the 1st quarter valued at approximately $37,000. Industrial Alliance Investment Management Inc. increased its position in Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after purchasing an additional 488 shares in the last quarter. CWM LLC lifted its stake in 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. Finally, Toronto Dominion Bank boosted its position in Wix.com by 19.0% in the second 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. 81.52% of the stock is owned by institutional investors.
Wix.com Stock Performance
Shares of NASDAQ WIX traded down $3.18 during trading on Friday, hitting $163.94. 396,584 shares of the company traded hands, compared to its average volume of 544,895. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 130.11, a P/E/G ratio of 3.57 and a beta of 1.48. The business's fifty day moving average is $163.32 and its 200 day moving average is $155.91. Wix.com Ltd. has a fifty-two week low of $80.10 and a fifty-two week high of $179.00.
Wix.com (NASDAQ:WIX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.35. The business had revenue of $435.70 million for the quarter, compared to analysts' expectations of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. On average, analysts predict that Wix.com Ltd. will post 2.1 EPS for the current year.
Analyst Ratings Changes
WIX has been the subject of several research analyst reports. UBS Group upped their price target on shares of Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Barclays lowered their target price on Wix.com from $186.00 to $184.00 and set an "overweight" rating for the company in a report on Tuesday, October 1st. Piper Sandler raised Wix.com from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. JMP Securities reaffirmed a "market outperform" rating and issued a $180.00 price objective on shares of Wix.com in a research note on Thursday, July 25th. Finally, Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $190.06.
Check Out 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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