Voya Investment Management LLC boosted its stake in shares of Wix.Com Ltd (NASDAQ:WIX) by 45.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,756 shares of the information services provider’s stock after buying an additional 2,435 shares during the period. Voya Investment Management LLC’s holdings in Wix.Com were worth $905,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in shares of Wix.Com in the 2nd quarter valued at about $28,000. Coastal Investment Advisors Inc. acquired a new position in shares of Wix.Com in the 3rd quarter valued at about $32,000. Dupont Capital Management Corp acquired a new position in shares of Wix.Com in the 3rd quarter valued at about $47,000. Riverhead Capital Management LLC increased its holdings in shares of Wix.Com by 75.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 150 shares during the period. Finally, Flinton Capital Management LLC increased its holdings in shares of Wix.Com by 29.4% in the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.
A number of equities analysts have recently weighed in on WIX shares. JPMorgan Chase & Co. dropped their target price on Wix.Com from $152.00 to $149.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Rosenblatt Securities reiterated a “sell” rating and issued a $93.00 target price on shares of Wix.Com in a report on Wednesday, November 20th. Northland Securities started coverage on Wix.Com in a report on Friday, November 15th. They issued a “buy” rating and a $160.00 target price on the stock. Deutsche Bank dropped their target price on Wix.Com from $172.00 to $140.00 and set an “average” rating on the stock in a report on Monday, November 18th. Finally, Guggenheim dropped their target price on Wix.Com from $170.00 to $150.00 in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Wix.Com currently has an average rating of “Hold” and a consensus price target of $141.93.
Wix.Com (NASDAQ:WIX) last announced its quarterly earnings results on Thursday, November 14th. The information services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.75. The business had revenue of $196.79 million during the quarter, compared to analysts’ expectations of $197.70 million. Wix.Com had a negative return on equity of 24.02% and a negative net margin of 9.80%. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. On average, analysts predict that Wix.Com Ltd will post -1.04 EPS for the current 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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