Wealthcare Advisory Partners LLC Acquires New Position in Wix.com Ltd. (NASDAQ:WIX)

Wealthcare Advisory Partners LLC acquired a new stake in Wix.com Ltd. (NASDAQ:WIX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 145 shares of the information services provider’s stock, valued at approximately $40,000.

Other large investors have also recently made changes to their positions in the company. Manchester Financial Inc. acquired a new stake in Wix.com in the fourth quarter valued at about $25,000. Parallel Advisors LLC lifted its position in shares of Wix.com by 144.4% during the 4th quarter. Parallel Advisors LLC now owns 110 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 65 shares during the period. Baldwin Brothers Inc. MA acquired a new stake in shares of Wix.com during the 1st quarter valued at approximately $28,000. Veriti Management LLC acquired a new stake in shares of Wix.com during the 4th quarter valued at approximately $30,000. Finally, Capstone Triton Financial Group LLC acquired a new stake in shares of Wix.com during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Shares of NASDAQ WIX opened at $222.64 on Monday. Wix.com Ltd. has a 52-week low of $188.37 and a 52-week high of $362.07. The firm has a fifty day moving average of $291.88 and a 200-day moving average of $278.25. The stock has a market capitalization of $12.47 billion, a PE ratio of -86.29 and a beta of 1.64. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.81.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, May 12th. The information services provider reported ($0.54) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.54) by $1.00. The company had revenue of $304.10 million during the quarter, compared to analysts’ expectations of $295.05 million. Wix.com had a negative net margin of 15.92% and a negative return on equity of 46.89%. The business’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) EPS. Equities research analysts expect that Wix.com Ltd. will post -3.2 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on WIX shares. Zacks Investment Research upgraded shares of Wix.com from a “sell” rating to a “hold” rating and set a $310.00 price target for the company in a research report on Tuesday, April 20th. Wedbush cut their price objective on Wix.com from $420.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday. Wolfe Research started coverage on Wix.com in a research report on Wednesday, March 31st. They set an “outperform” rating and a $350.00 price objective for the company. JMP Securities cut their price objective on Wix.com from $370.00 to $350.00 and set a “market outperform” rating for the company in a research report on Thursday. Finally, Oppenheimer lifted their price objective on Wix.com from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 18th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $320.28.

Wix.com Profile

Wix.com Ltd., together with its subsidiaries, develops and markets cloud-based platform products and services in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; Editor X, a website creation platform; and Velo by Wix to create websites and web applications.

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

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