SG Americas Securities LLC Raises Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

SG Americas Securities LLC boosted its holdings in Wix.com Ltd. (NASDAQ:WIX) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,577 shares of the information services provider’s stock after purchasing an additional 1,148 shares during the period. SG Americas Securities LLC’s holdings in Wix.com were worth $1,916,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Horrell Capital Management Inc. lifted its holdings in Wix.com by 4.3% during the 4th quarter. Horrell Capital Management Inc. now owns 73,000 shares of the information services provider’s stock worth $8,980,000 after buying an additional 3,000 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Wix.com by 13.5% during the 4th quarter. Nordea Investment Management AB now owns 3,792 shares of the information services provider’s stock worth $472,000 after buying an additional 450 shares during the last quarter. Diversified Trust Co lifted its holdings in Wix.com by 17.8% during the 4th quarter. Diversified Trust Co now owns 16,818 shares of the information services provider’s stock worth $2,069,000 after buying an additional 2,547 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Wix.com by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,093,569 shares of the information services provider’s stock worth $100,390,000 after buying an additional 105,026 shares during the last quarter. Finally, Creative Planning lifted its holdings in Wix.com by 18.1% during the 3rd quarter. Creative Planning now owns 3,554 shares of the information services provider’s stock worth $326,000 after buying an additional 544 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on WIX shares. Royal Bank of Canada increased their target price on Wix.com from $135.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. B. Riley increased their price target on Wix.com from $120.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Raymond James began coverage on Wix.com in a research report on Wednesday. They set an “outperform” rating and a $160.00 price target on the stock. Bank of America reiterated a “buy” rating and set a $126.00 price target on shares of Wix.com in a research report on Friday, December 8th. Finally, Piper Sandler increased their price target on Wix.com from $146.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Wix.com currently has a consensus rating of “Moderate Buy” and an average target price of $139.53.

Wix.com Stock Performance

Shares of WIX stock opened at $136.54 on Thursday. Wix.com Ltd. has a 1 year low of $73.39 and a 1 year high of $146.21. The stock has a market cap of $7.60 billion, a PE ratio of 248.25, a price-to-earnings-growth ratio of 4.74 and a beta of 1.34. The business’s fifty day moving average is $133.58 and its 200-day moving average is $111.52.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.24. The business had revenue of $403.80 million during the quarter, compared to analyst estimates of $416.87 million. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted ($0.42) EPS. Equities research analysts predict 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.