Blue Trust Inc. Acquires 98 Shares of Wix.com Ltd. (NASDAQ:WIX)

Blue Trust Inc. raised its holdings in Wix.com Ltd. (NASDAQ:WIX) by 98.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 198 shares of the information services provider’s stock after acquiring an additional 98 shares during the quarter. Blue Trust Inc.’s holdings in Wix.com were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. CWM LLC grew its position in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares during the period. CIBC Asset Management Inc increased its stake in shares of Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after buying an additional 136 shares during the period. Signaturefd LLC raised its holdings in shares of Wix.com by 4.7% in the second quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock valued at $520,000 after acquiring an additional 146 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Wix.com by 8.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,893 shares of the information services provider’s stock worth $395,000 after acquiring an additional 215 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Down 1.9 %

WIX stock opened at $163.94 on Friday. Wix.com Ltd. has a 52 week low of $80.10 and a 52 week high of $179.00. The stock has a market capitalization of $8.99 billion, a PE ratio of 130.11, a price-to-earnings-growth ratio of 3.56 and a beta of 1.47. The firm has a 50 day moving average of $163.24 and a 200 day moving average of $156.42.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.32 by $0.35. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Wix.com Ltd. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WIX shares. JMP Securities reissued a “market outperform” rating and set a $180.00 target price on shares of Wix.com in a research report on Thursday, July 25th. Needham & Company LLC reissued a “buy” rating and issued a $190.00 price objective on shares of Wix.com in a research note on Wednesday, August 7th. KeyCorp started coverage on Wix.com in a report on Thursday, July 25th. They set a “sector weight” rating for the company. Piper Sandler upgraded Wix.com from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $184.00 to $200.00 in a report on Monday, September 23rd. Finally, StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $190.06.

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.