Wix.com Ltd. (NASDAQ:WIX) Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Wix.com Ltd. (NASDAQ:WIX) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,275 shares of the information services provider’s stock after purchasing an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Wix.com were worth $380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the last quarter. CWM LLC boosted its holdings in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after acquiring an additional 488 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Wix.com in the second quarter valued at approximately $259,000. Institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WIX. Barclays decreased their price objective on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Benchmark increased their price objective on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Finally, UBS Group increased their target price on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Stock Up 0.3 %

Shares of NASDAQ:WIX opened at $172.50 on Friday. The firm has a market capitalization of $9.46 billion, a P/E ratio of 136.90, a price-to-earnings-growth ratio of 3.55 and a beta of 1.47. The firm has a fifty day moving average of $163.52 and a two-hundred day moving average of $158.02. Wix.com Ltd. has a 12-month low of $85.38 and a 12-month high of $179.00.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million for the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. Wix.com’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. Equities research analysts expect that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal year.

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.