Assenagon Asset Management S.A. boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 208.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,176 shares of the information services provider’s stock after purchasing an additional 29,194 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of Wix.com worth $5,312,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of WIX. DekaBank Deutsche Girozentrale increased its holdings in shares of Wix.com by 5.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 129 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Wix.com by 21.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 763 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 136 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Wix.com by 2.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 6,310 shares of the information services provider’s stock valued at $414,000 after acquiring an additional 167 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Wix.com by 0.8% in the 3rd quarter. Alliancebernstein L.P. now owns 34,442 shares of the information services provider’s stock valued at $2,694,000 after acquiring an additional 260 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Wix.com by 9.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,308 shares of the information services provider’s stock valued at $304,000 after purchasing an additional 274 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on WIX. Benchmark boosted their price objective on Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Bank of America restated a “buy” rating and set a $126.00 price objective on shares of Wix.com in a research report on Friday, December 8th. Royal Bank of Canada boosted their price objective on Wix.com from $135.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. UBS Group boosted their price target on Wix.com from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Barclays boosted their price target on Wix.com from $147.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.53.
Get Our Latest Analysis on Wix.com
Wix.com Stock Up 0.7 %
Shares of WIX stock opened at $137.48 on Monday. The stock has a 50-day simple moving average of $134.04 and a 200 day simple moving average of $112.25. Wix.com Ltd. has a fifty-two week low of $73.39 and a fifty-two week high of $146.21. The stock has a market capitalization of $7.65 billion, a P/E ratio of 249.96, a P/E/G ratio of 4.73 and a beta of 1.34.
Wix.com (NASDAQ:WIX – Get Free Report) last announced its earnings results on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.98 by $0.24. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The business had revenue of $403.80 million during the quarter, compared to the consensus estimate of $416.87 million. During the same period in the prior year, the business posted ($0.42) earnings per share. Wix.com’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Wix.com Ltd. will post 1.16 earnings per share for the current year.
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; Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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