Y.D. More Investments Ltd Sells 500 Shares of Wix.com Ltd. (NASDAQ:WIX)

Y.D. More Investments Ltd cut its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 10.7% in the 4th quarter, HoldingsChannel reports. The fund owned 4,164 shares of the information services provider’s stock after selling 500 shares during the period. Y.D. More Investments Ltd’s holdings in Wix.com were worth $512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighMark Wealth Management LLC bought a new stake in Wix.com in the 4th quarter worth about $26,000. BluePath Capital Management LLC purchased a new position in Wix.com in the third quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in Wix.com in the third quarter valued at about $45,000. Algert Global LLC purchased a new position in Wix.com in the third quarter valued at about $214,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Wix.com by 5.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider’s stock valued at $226,000 after buying an additional 129 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $118.99 on Thursday. Wix.com Ltd. has a one year low of $73.39 and a one year high of $146.21. The company’s fifty day moving average price is $133.30 and its 200-day moving average price is $118.10. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 216.35, a PEG ratio of 4.09 and a beta of 1.34.

Wix.com (NASDAQ:WIX) last released its earnings results on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.98 by $0.24. Wix.com had a net margin of 2.12% and a negative return on equity of 40.56%. The company had revenue of $403.80 million for the quarter, compared to analyst estimates of $416.87 million. During the same quarter last year, the firm earned ($0.42) EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts expect that Wix.com Ltd. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Raymond James assumed coverage on shares of Wix.com in a research note on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price target on the stock. Piper Sandler upped their target price on shares of Wix.com from $146.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. UBS Group upped their target price on shares of Wix.com from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada upped their target price on shares of Wix.com from $135.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Wix.com Company 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; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.