Wix.com Ltd. $WIX Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 970,500 shares of the information services provider’s stock after acquiring an additional 17,697 shares during the quarter. SG Americas Securities LLC’s holdings in Wix.com were worth $87,413,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of Wix.com by 128.3% during the third quarter. Ameriprise Financial Inc. now owns 4,637,795 shares of the information services provider’s stock worth $823,813,000 after purchasing an additional 2,606,204 shares during the period. Wellington Management Group LLP increased its stake in Wix.com by 90.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider’s stock worth $602,270,000 after purchasing an additional 1,609,989 shares in the last quarter. Senvest Management LLC increased its stake in Wix.com by 20.9% in the 4th quarter. Senvest Management LLC now owns 3,008,480 shares of the information services provider’s stock worth $312,551,000 after purchasing an additional 519,805 shares in the last quarter. Dorsal Capital Management LP raised its holdings in Wix.com by 50.0% during the 3rd quarter. Dorsal Capital Management LP now owns 1,575,000 shares of the information services provider’s stock worth $279,767,000 after buying an additional 525,000 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Wix.com during the 4th quarter worth about $150,622,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

NASDAQ WIX opened at $42.49 on Monday. The company has a 50 day simple moving average of $61.08 and a 200-day simple moving average of $78.67. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -54.47 and a beta of 0.92. Wix.com Ltd. has a 52-week low of $40.51 and a 52-week high of $190.93.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). The company had revenue of $541.17 million for the quarter, compared to analysts’ expectations of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. On average, analysts predict that Wix.com Ltd. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

WIX has been the subject of several recent analyst reports. Citizens Jmp cut shares of Wix.com from a “market outperform” rating to a “market perform” rating in a report on Tuesday, April 7th. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of Wix.com in a research report on Monday, June 15th. Benchmark reaffirmed a “buy” rating on shares of Wix.com in a research note on Tuesday, June 9th. Oppenheimer lowered their price objective on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, Wells Fargo & Company cut their target price on shares of Wix.com from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.75.

Wix.com 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.