Thornburg Investment Management Inc. decreased its stake in shares of Wix.Com Ltd (NASDAQ:WIX) by 24.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,288 shares of the information services provider’s stock after selling 28,912 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Wix.Com were worth $10,668,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of Wix.Com by 20.9% during the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock worth $54,000 after buying an additional 80 shares during the period. Security National Trust Co. acquired a new stake in shares of Wix.Com during the 1st quarter worth approximately $60,000. Flagship Harbor Advisors LLC grew its position in Wix.Com by 21.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 618 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 111 shares during the period. First Quadrant L P CA acquired a new stake in Wix.Com in the 1st quarter valued at $76,000. Finally, LS Investment Advisors LLC acquired a new stake in Wix.Com in the 4th quarter valued at $62,000. 83.99% of the stock is owned by institutional investors.
NASDAQ:WIX traded up $4.38 during trading hours on Friday, hitting $139.24. 1,048,633 shares of the company traded hands, compared to its average volume of 752,588. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 2.23. Wix.Com Ltd has a one year low of $80.20 and a one year high of $143.82. The stock has a market cap of $6.72 billion, a PE ratio of -316.45 and a beta of 1.70.
Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.30. Wix.Com had a negative return on equity of 20.54% and a negative net margin of 7.51%. The business had revenue of $174.29 million for the quarter, compared to analysts’ expectations of $172.98 million. During the same period last year, the business earned ($0.06) EPS. The business’s revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts forecast that Wix.Com Ltd will post -0.49 earnings per share for the current fiscal year.
Several research firms recently issued reports on WIX. Wedbush reissued an “outperform” rating and issued a $152.00 price target (up previously from $142.00) on shares of Wix.Com in a research report on Tuesday. Royal Bank of Canada lifted their price target on shares of Wix.Com to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 21st. Citigroup lifted their price target on shares of Wix.Com from $125.00 to $155.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp began coverage on shares of Wix.Com in a research report on Monday, April 29th. They issued a “sector weight” rating for the company. Finally, Oppenheimer lifted their price target on shares of Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Wix.Com has an average rating of “Buy” and an average price target of $123.88.
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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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