Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in Wix.com Ltd. (NASDAQ:WIX) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,572 shares of the information services provider’s stock after acquiring an additional 1,493 shares during the period. Handelsbanken Fonder AB’s holdings in Wix.com were worth $1,178,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Senvest Management LLC grew its holdings in Wix.com by 194.2% during the third quarter. Senvest Management LLC now owns 605,937 shares of the information services provider’s stock worth $55,625,000 after acquiring an additional 399,944 shares during the period. Clearbridge Investments LLC boosted its position in Wix.com by 43.5% in the 3rd quarter. Clearbridge Investments LLC now owns 1,086,704 shares of the information services provider’s stock worth $99,759,000 after purchasing an additional 329,561 shares in the last quarter. Shannon River Fund Management LLC acquired a new stake in shares of Wix.com during the 3rd quarter worth approximately $29,590,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Wix.com by 5,893.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 263,012 shares of the information services provider’s stock valued at $24,145,000 after purchasing an additional 258,624 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Wix.com by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,093,569 shares of the information services provider’s stock valued at $100,390,000 after purchasing an additional 105,026 shares during the period. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Down 0.3 %

Wix.com stock opened at $120.81 on Monday. The company has a fifty day simple moving average of $133.83 and a 200-day simple moving average of $117.59. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 219.65, a PEG ratio of 4.16 and a beta of 1.33. Wix.com Ltd. has a 52-week low of $73.39 and a 52-week high of $146.21.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, February 21st. The information services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.24. The firm had revenue of $403.80 million for the quarter, compared to analyst estimates of $416.87 million. Wix.com had a net margin of 2.12% and a negative return on equity of 40.56%. Wix.com’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.42) earnings per share. On average, research analysts anticipate that Wix.com Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Barclays lifted their price target on Wix.com from $147.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Benchmark increased their price target on Wix.com from $132.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. B. Riley boosted their price objective on Wix.com from $120.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, Morgan Stanley decreased their target price on Wix.com from $157.00 to $143.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $144.29.

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.