Jump Financial LLC bought a new stake in Wix.com Ltd. (NASDAQ:WIX) during the 2nd quarter, Holdings Channel.com reports. The firm bought 3,870 shares of the information services provider’s stock, valued at approximately $1,124,000.
A number of other large investors have also recently added to or reduced their stakes in WIX. Wagner Wealth Management LLC acquired a new position in Wix.com during the first quarter valued at approximately $32,000. Red Door Wealth Management LLC acquired a new stake in shares of Wix.com in the 2nd quarter valued at approximately $40,000. Optimum Investment Advisors grew its stake in shares of Wix.com by 50.0% in the second quarter. Optimum Investment Advisors now owns 150 shares of the information services provider’s stock valued at $44,000 after buying an additional 50 shares in the last quarter. IFP Advisors Inc acquired a new position in Wix.com during the second quarter worth $44,000. Finally, Quadrant Capital Group LLC raised its position in Wix.com by 80.6% during the second quarter. Quadrant Capital Group LLC now owns 177 shares of the information services provider’s stock worth $51,000 after acquiring an additional 79 shares in the last quarter. 91.39% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on WIX shares. Wedbush lowered their price objective on shares of Wix.com from $340.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 12th. Oppenheimer cut their price objective on Wix.com from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 12th. Truist decreased their target price on Wix.com from $350.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, August 19th. Guggenheim cut their price target on Wix.com from $350.00 to $260.00 and set a “buy” rating for the company in a report on Thursday, August 12th. Finally, Truist Securities decreased their price objective on shares of Wix.com from $350.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, August 19th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $288.45.
Wix.com (NASDAQ:WIX) last issued its earnings results on Wednesday, August 11th. The information services provider reported ($0.28) EPS for the quarter, beating the consensus estimate of ($1.02) by $0.74. The company had revenue of $316.41 million during the quarter, compared to analysts’ expectations of $311.48 million. Wix.com had a negative net margin of 17.58% and a negative return on equity of 86.14%. Sell-side analysts anticipate that Wix.com Ltd. will post -4.58 EPS for the current fiscal year.
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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