Hel Ved Capital Management Ltd reduced its holdings in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 56.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,520 shares of the information services provider’s stock after selling 5,830 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Wix.com were worth $803,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of WIX. Geode Capital Management LLC lifted its stake in Wix.com by 2.5% in the 2nd 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 stake 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 acquiring an additional 58,859 shares during the period. Mediolanum International Funds Ltd boosted its stake in shares of Wix.com by 65.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 55,647 shares of the information services provider’s stock valued at $10,054,000 after purchasing an additional 22,112 shares during the last quarter. Liontrust Investment Partners LLP bought a new stake in Wix.com during the second quarter valued at $3,708,000. Finally, Senvest Management LLC grew its stake 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 period. Institutional investors and hedge funds own 81.52% of the company’s stock.
Wix.com News Roundup
Here are the key news stories impacting Wix.com this week:
- Positive Sentiment: Wix announced a modified Dutch‑auction tender offer to repurchase up to $1.75 billion of its ordinary shares at $80–$92 per share; the buyback reduces float and creates immediate buying demand, which explains much of the intraday upside. GlobeNewswire Release
- Neutral Sentiment: Q4 results were mixed: Wix beat on EPS ($1.81 vs. $1.36 est.) but revenue was roughly in line / slightly under consensus and margins remain thin; management highlighted AI initiatives, recent M&A and product launches as growth drivers — these items support longer‑term conviction but are partly priced in. Earnings Highlights
- Negative Sentiment: Multiple brokerages trimmed price targets today (Citigroup 150→105, Wells Fargo 176→137, RBC 155→112, Barclays 205→160, Scotiabank 175→125, Needham 140→115). While most maintain Buy/Overweight/Outperform ratings, the cuts signal more cautious near‑term expectations and may limit upside despite the buyback. Benzinga coverage
Wix.com Stock Performance
Wix.com (NASDAQ:WIX – Get Free Report) last issued its earnings results on Wednesday, March 4th. The information services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.36 by $0.45. The business had revenue of $524.27 million for the quarter, compared to the consensus estimate of $527.69 million. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.The company’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. Equities research analysts predict that Wix.com Ltd. will post 3.65 EPS for the current year.
Wix.com declared that its board has authorized a stock repurchase plan on Wednesday, January 28th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information services provider to buy up to 40.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Wix.com from $181.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Benchmark cut their target price on Wix.com from $185.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday. Raymond James Financial restated a “strong-buy” rating and issued a $100.00 target price on shares of Wix.com in a research note on Wednesday. Citizens Jmp reduced their target price on Wix.com from $185.00 to $125.00 and set a “market outperform” rating for the company in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada decreased their price objective on shares of Wix.com from $155.00 to $112.00 and set an “outperform” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.50.
View Our Latest Research Report on Wix.com
About Wix.com
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.
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