New York State Common Retirement Fund Buys 3,596 Shares of Wix.com Ltd. (NASDAQ:WIX)

New York State Common Retirement Fund increased its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,550 shares of the information services provider’s stock after acquiring an additional 3,596 shares during the quarter. New York State Common Retirement Fund’s holdings in Wix.com were worth $17,167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new position in Wix.com during the third quarter valued at $311,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Wix.com during the third quarter valued at $1,331,000. Cambridge Investment Research Advisors Inc. bought a new position in Wix.com during the third quarter valued at $799,000. BluePath Capital Management LLC bought a new position in Wix.com during the third quarter valued at $37,000. Finally, Mackenzie Financial Corp lifted its position in Wix.com by 543.6% during the third quarter. Mackenzie Financial Corp now owns 62,004 shares of the information services provider’s stock valued at $5,425,000 after purchasing an additional 52,370 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

WIX stock opened at $120.81 on Monday. The company has a market capitalization of $6.72 billion, a PE ratio of 219.65, a P/E/G ratio of 4.16 and a beta of 1.33. Wix.com Ltd. has a 12 month low of $73.39 and a 12 month high of $146.21. The firm’s 50-day moving average is $133.83 and its 200 day moving average is $117.59.

Wix.com (NASDAQ:WIX) last posted 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. The company had revenue of $403.80 million for the quarter, compared to the consensus estimate of $416.87 million. Wix.com had a net margin of 2.12% and a negative return on equity of 40.56%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.42) EPS. Sell-side analysts forecast that Wix.com Ltd. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WIX has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Wix.com in a research report on Wednesday, February 21st. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. JMP Securities raised their target price on shares of Wix.com from $130.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Piper Sandler raised 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. Finally, Benchmark raised their target price on shares of Wix.com from $132.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.29.

About Wix.com

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.