Migdal Insurance & Financial Holdings Ltd. lifted its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 23.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 263,534 shares of the information services provider's stock after purchasing an additional 49,500 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.48% of Wix.com worth $44,055,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WIX. Nordea Investment Management AB raised its position in shares of 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 valued at $595,000 after buying an additional 464 shares during the period. Headlands Technologies LLC raised its position in Wix.com by 1,382.6% in the first quarter. Headlands Technologies LLC now owns 4,522 shares of the information services provider's stock valued at $622,000 after purchasing an additional 4,217 shares during the period. Russell Investments Group Ltd. lifted its stake in Wix.com by 46.2% during the first quarter. Russell Investments Group Ltd. now owns 99,381 shares of the information services provider's stock worth $13,612,000 after purchasing an additional 31,388 shares in the last quarter. US Bancorp DE boosted its position in shares of Wix.com by 42.0% during the first quarter. US Bancorp DE now owns 10,050 shares of the information services provider's stock worth $1,382,000 after buying an additional 2,974 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Wix.com in the first quarter valued at $915,000. Institutional investors and hedge funds own 81.52% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. KeyCorp began coverage on shares of Wix.com in a research report on Thursday, July 25th. They set a "sector weight" rating on the stock. Needham & Company LLC reiterated a "buy" rating and set a $190.00 target price on shares of Wix.com in a report on Wednesday, August 7th. Barclays dropped their price target on shares of Wix.com from $186.00 to $184.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. Benchmark upped their price target on Wix.com from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of Wix.com in a research note on Monday, October 7th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wix.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.06.
Get Our Latest Stock Analysis on WIX
Wix.com Trading Up 0.3 %
Shares of NASDAQ WIX traded up $0.46 during mid-day trading on Friday, reaching $172.50. The company had a trading volume of 379,577 shares, compared to its average volume of 365,272. The firm has a 50 day simple moving average of $163.52 and a two-hundred day simple moving average of $158.27. Wix.com Ltd. has a 52-week low of $85.38 and a 52-week high of $179.00. The stock has a market cap of $9.46 billion, a P/E ratio of 136.91, a PEG ratio of 3.67 and a beta of 1.47.
Wix.com (NASDAQ:WIX - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 49.05% and a net margin of 4.44%. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. During the same quarter last year, the company posted $0.58 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Wix.com Ltd. will post 2.1 EPS 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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