RV Capital AG Cuts Stake in Wix.com Ltd. $WIX

RV Capital AG lessened its stake in Wix.com Ltd. (NASDAQ:WIX) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,996 shares of the information services provider’s stock after selling 23,004 shares during the quarter. Wix.com accounts for about 10.2% of RV Capital AG’s investment portfolio, making the stock its 4th biggest holding. RV Capital AG owned about 0.56% of Wix.com worth $55,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. GC Wealth Management RIA LLC bought a new stake in Wix.com in the 2nd quarter valued at approximately $417,000. Geode Capital Management LLC raised its holdings in shares of Wix.com by 2.5% in the second quarter. Geode Capital Management LLC now owns 491,958 shares of the information services provider’s stock valued at $77,466,000 after purchasing an additional 12,210 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Wix.com by 34.8% in the second quarter. Schroder Investment Management Group now owns 228,028 shares of the information services provider’s stock worth $36,133,000 after purchasing an additional 58,859 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Wix.com by 28.2% in the second quarter. ARK Investment Management LLC now owns 10,290 shares of the information services provider’s stock worth $1,631,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Senvest Management LLC boosted its holdings in Wix.com by 32.2% during the second quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after purchasing an additional 496,770 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $200.00 price target (down from $230.00) on shares of Wix.com in a research note on Thursday, November 20th. Royal Bank Of Canada decreased their price objective on Wix.com from $210.00 to $190.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. JMP Securities set a $185.00 target price on Wix.com in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Wix.com in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on Wix.com from $184.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.67.

Wix.com Stock Down 2.8%

NASDAQ:WIX opened at $100.97 on Friday. Wix.com Ltd. has a 12-month low of $92.23 and a 12-month high of $247.11. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 43.15, a P/E/G ratio of 3.18 and a beta of 1.42. The stock’s 50 day moving average price is $112.65 and its two-hundred day moving average price is $136.45.

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.