Wix.com Ltd. (NASDAQ:WIX) Holdings Cut by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 32.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,459 shares of the information services provider's stock after selling 5,073 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Wix.com were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in 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 worth $15,466,000 after acquiring an additional 796 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of Wix.com in the 1st quarter worth approximately $214,000. Van ECK Associates Corp boosted its position in Wix.com by 4.7% during the 1st quarter. Van ECK Associates Corp now owns 16,259 shares of the information services provider's stock valued at $2,235,000 after purchasing an additional 728 shares during the period. Fidelis Capital Partners LLC acquired a new position in Wix.com during the 1st quarter valued at approximately $37,000. Finally, Nordea Investment Management AB grew its stake in Wix.com by 12.2% during the 1st quarter. Nordea Investment Management AB now owns 4,256 shares of the information services provider's stock worth $595,000 after buying an additional 464 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of WIX traded down $3.18 during mid-day trading on Friday, hitting $163.94. The company's stock had a trading volume of 396,585 shares, compared to its average volume of 360,758. The firm has a 50-day moving average price of $163.24 and a 200 day moving average price of $156.19. Wix.com Ltd. has a fifty-two week low of $80.10 and a fifty-two week high of $179.00. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 130.11, a PEG ratio of 3.56 and a beta of 1.47.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings results 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 net margin of 4.44% and a negative return on equity of 49.05%. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Wix.com Ltd. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WIX has been the subject of several analyst reports. Benchmark boosted their price target on shares of Wix.com from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $190.00 target price on shares of Wix.com in a research report on Wednesday, August 7th. KeyCorp began coverage on shares of Wix.com in a research note on Thursday, July 25th. They issued a "sector weight" rating on the stock. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research report on Monday, August 5th. Finally, JMP Securities reissued a "market outperform" rating and issued a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.06.

Wix.com 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.