Robeco Institutional Asset Management B.V. raised its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 13.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 116,616 shares of the information services provider's stock after purchasing an additional 13,891 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.20% of Wix.com worth $19,495,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WIX. Blue Trust Inc. grew its position in shares of Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Wix.com during the 1st quarter valued at about $37,000. CWM LLC grew 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 worth $106,000 after acquiring an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after acquiring an additional 488 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of 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 purchasing an additional 124 shares during the period. 81.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have issued reports on WIX shares. UBS Group upped their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of Wix.com in a research report on Monday, October 7th. StockNews.com raised shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. KeyCorp started coverage on shares of Wix.com in a report on Thursday, July 25th. They set a "sector weight" rating on the stock. Finally, Benchmark raised their price target on shares of Wix.com from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Three equities research 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.06.
View Our Latest Analysis on WIX
Wix.com Stock Performance
Shares of WIX stock traded up $4.88 during trading hours on Thursday, reaching $171.76. The company had a trading volume of 260,260 shares, compared to its average volume of 539,710. The stock's fifty day simple moving average is $163.23 and its 200 day simple moving average is $157.33. The company has a market capitalization of $9.42 billion, a P/E ratio of 132.45, a price-to-earnings-growth ratio of 3.48 and a beta of 1.47. Wix.com Ltd. has a twelve month low of $85.38 and a twelve month high of $179.00.
Wix.com (NASDAQ:WIX - Get Free Report) last announced its earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The firm had revenue of $435.70 million for the quarter, compared to analysts' expectations of $442.88 million. During the same quarter in the previous year, the company earned $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 expect that Wix.com Ltd. will post 2.1 earnings per share for the current year.
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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