Semanteon Capital Management LP Raises Position in Wix.com Ltd. (NASDAQ:WIX)

Semanteon Capital Management LP increased its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 51.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,859 shares of the information services provider's stock after acquiring an additional 2,333 shares during the period. Wix.com comprises approximately 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 15th largest position. Semanteon Capital Management LP's holdings in Wix.com were worth $1,472,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Wix.com by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock valued at $5,081,000 after buying an additional 11,497 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com in the 4th quarter valued at about $256,000. Oppenheimer & Co. Inc. purchased a new stake in Wix.com during the 3rd quarter valued at about $461,000. Loomis Sayles & Co. L P grew its position in Wix.com by 23.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider's stock worth $31,552,000 after acquiring an additional 36,459 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in Wix.com by 348.6% in the 3rd quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider's stock worth $1,488,000 after purchasing an additional 6,919 shares during the period. Institutional investors own 81.52% of the company's stock.

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Wix.com Stock Up 0.3 %

Shares of NASDAQ WIX traded up $0.56 on Tuesday, reaching $173.31. 631,667 shares of the company's stock traded hands, compared to its average volume of 599,021. The business's 50 day simple moving average is $210.56 and its two-hundred day simple moving average is $196.69. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 73.75, a price-to-earnings-growth ratio of 2.83 and a beta of 1.64.

Wix.com announced that its board has approved a share repurchase program on Thursday, February 27th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information services provider to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WIX. Jefferies Financial Group increased their price objective on Wix.com from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price target on shares of Wix.com in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $235.00 price objective on shares of Wix.com in a research note on Wednesday, February 19th. Raymond James upgraded shares of Wix.com from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $225.00 to $300.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price target on Wix.com from $175.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $243.74.

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.