Wix.Com Ltd (WIX) is Dorsey Asset Management LLC’s 2nd Largest Position

Dorsey Asset Management LLC boosted its position in Wix.Com Ltd (NASDAQ:WIX) by 103.3% in the 4th quarter, Holdings Channel reports. The firm owned 597,595 shares of the information services provider’s stock after acquiring an additional 303,718 shares during the quarter. Wix.Com accounts for about 15.0% of Dorsey Asset Management LLC’s portfolio, making the stock its 2nd largest position. Dorsey Asset Management LLC’s holdings in Wix.Com were worth $53,987,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WIX. BlackRock Inc. grew its holdings in Wix.Com by 42.3% in the 4th quarter. BlackRock Inc. now owns 2,105,745 shares of the information services provider’s stock valued at $190,234,000 after buying an additional 626,291 shares in the last quarter. Sylebra HK Co Ltd purchased a new stake in Wix.Com in the 3rd quarter valued at $29,969,000. Renaissance Technologies LLC grew its holdings in Wix.Com by 14.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,652,950 shares of the information services provider’s stock valued at $197,858,000 after buying an additional 212,845 shares in the last quarter. Northern Trust Corp grew its holdings in Wix.Com by 212.8% in the 4th quarter. Northern Trust Corp now owns 290,204 shares of the information services provider’s stock valued at $26,217,000 after buying an additional 197,432 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Wix.Com by 15,108.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,694 shares of the information services provider’s stock valued at $18,277,000 after buying an additional 151,690 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

WIX traded up $0.88 during mid-day trading on Thursday, hitting $108.73. 3,423 shares of the stock were exchanged, compared to its average volume of 1,054,995. Wix.Com Ltd has a 1-year low of $74.25 and a 1-year high of $125.84. The company has a current ratio of 2.15, a quick ratio of 2.24 and a debt-to-equity ratio of 2.23. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of -245.07 and a beta of 1.69.



Wix.Com (NASDAQ:WIX) last posted its earnings results on Wednesday, February 20th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.47. Wix.Com had a negative return on equity of 21.72% and a negative net margin of 6.15%. The firm had revenue of $164.20 million for the quarter, compared to analyst estimates of $162.02 million. During the same quarter in the prior year, the company earned $0.16 EPS. Wix.Com’s revenue was up 38.4% on a year-over-year basis. On average, research analysts forecast that Wix.Com Ltd will post -0.36 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities cut Wix.Com from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $75.00 to $73.00 in a report on Wednesday, February 20th. BidaskClub upgraded Wix.Com from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. SunTrust Banks reiterated a “buy” rating and set a $140.00 price target on shares of Wix.Com in a report on Friday, January 11th. Citigroup assumed coverage on Wix.Com in a report on Wednesday, December 19th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on Wix.Com from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.60.

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Wix.Com 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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Institutional Ownership by Quarter for Wix.Com (NASDAQ:WIX)

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