Advisor Group Inc. decreased its position in shares of Wix.Com Ltd (NASDAQ:WIX) by 83.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 968 shares of the information services provider’s stock after selling 4,952 shares during the quarter. Advisor Group Inc.’s holdings in Wix.Com were worth $87,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Wix.Com by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 45,416 shares of the information services provider’s stock worth $5,437,000 after purchasing an additional 982 shares during the period. BlackRock Inc. lifted its holdings in shares of Wix.Com by 9.8% during the third quarter. BlackRock Inc. now owns 1,479,454 shares of the information services provider’s stock worth $177,090,000 after purchasing an additional 132,553 shares during the period. Credit Suisse AG lifted its holdings in shares of Wix.Com by 3.2% during the third quarter. Credit Suisse AG now owns 18,458 shares of the information services provider’s stock worth $2,210,000 after purchasing an additional 571 shares during the period. Panagora Asset Management Inc. acquired a new stake in shares of Wix.Com during the third quarter worth about $381,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Wix.Com by 15.8% during the third quarter. Hsbc Holdings PLC now owns 7,921 shares of the information services provider’s stock worth $949,000 after purchasing an additional 1,080 shares during the period. 82.77% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on WIX. KeyCorp began coverage on Wix.Com in a report on Monday, April 29th. They set a “sector weight” rating for the company. Zacks Investment Research raised Wix.Com from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Wedbush set a $142.00 target price on Wix.Com and gave the stock a “buy” rating in a report on Friday, April 12th. Macquarie began coverage on Wix.Com in a report on Wednesday, March 27th. They set a “neutral” rating and a $116.00 target price for the company. Finally, Guggenheim began coverage on Wix.Com in a report on Tuesday, March 19th. They set a “buy” rating and a $108.89 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.33.
Wix.Com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, February 20th. The information services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.47. The business had revenue of $164.20 million during the quarter, compared to analysts’ expectations of $162.02 million. Wix.Com had a negative return on equity of 21.72% and a negative net margin of 6.15%. The business’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. On average, research analysts predict that Wix.Com Ltd will post -0.47 earnings per share for the current fiscal year.
Wix.Com Company Profile
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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