DekaBank Deutsche Girozentrale Has $333,000 Holdings in Wix.com Ltd. (NASDAQ:WIX)

DekaBank Deutsche Girozentrale boosted its position in Wix.com Ltd. (NASDAQ:WIX) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,678 shares of the information services provider’s stock after acquiring an additional 192 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wix.com were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HighMark Wealth Management LLC bought a new position in shares of Wix.com during the 4th quarter worth about $26,000. Quarry LP bought a new position in shares of Wix.com during the 2nd quarter worth about $29,000. UniSuper Management Pty Ltd bought a new position in shares of Wix.com during the 2nd quarter worth about $31,000. BluePath Capital Management LLC bought a new position in shares of Wix.com during the 3rd quarter worth about $37,000. Finally, Headlands Technologies LLC bought a new position in shares of Wix.com during the 3rd quarter worth about $45,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Down 0.2 %

Shares of NASDAQ WIX opened at $123.71 on Wednesday. Wix.com Ltd. has a 1-year low of $73.39 and a 1-year high of $146.21. The company has a market cap of $6.88 billion, a PE ratio of 224.93, a P/E/G ratio of 4.38 and a beta of 1.33. The company has a 50-day moving average of $135.18 and a two-hundred day moving average of $115.46.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $416.87 million. During the same quarter in the previous year, the company earned ($0.42) EPS. Wix.com’s revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts forecast that Wix.com Ltd. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WIX shares. Royal Bank of Canada raised their price objective 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. JMP Securities lifted their price target on shares of Wix.com from $130.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday. Benchmark lifted their price target on shares of Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Barclays lifted their price target on shares of Wix.com from $147.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $142.00.

Wix.com 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.