Capital Fund Management S.A. Purchases 8,612 Shares of Wix.com Ltd. $WIX

Capital Fund Management S.A. lifted its position in Wix.com Ltd. (NASDAQ:WIX) by 63.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,277 shares of the information services provider’s stock after buying an additional 8,612 shares during the period. Capital Fund Management S.A.’s holdings in Wix.com were worth $3,530,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WIX. Northwestern Mutual Wealth Management Co. raised its position in shares of Wix.com by 63.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 170 shares of the information services provider’s stock worth $28,000 after purchasing an additional 66 shares during the period. Twin Tree Management LP acquired a new position in Wix.com in the 1st quarter worth $29,000. Geneos Wealth Management Inc. grew its holdings in shares of Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after buying an additional 215 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Wix.com by 47.8% in the second quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock worth $65,000 after purchasing an additional 132 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in Wix.com in the second quarter valued at $77,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Performance

NASDAQ:WIX opened at $95.86 on Wednesday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 1.81 and a beta of 1.42. Wix.com Ltd. has a fifty-two week low of $92.23 and a fifty-two week high of $247.11. The stock has a fifty day moving average price of $133.15 and a 200-day moving average price of $144.75.

Wix.com announced that its Board of Directors has authorized a share buyback program on Monday, August 11th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

WIX has been the subject of several analyst reports. Cantor Fitzgerald decreased their price objective on Wix.com from $160.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Needham & Company LLC cut their target price on shares of Wix.com from $200.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Benchmark reduced their price target on Wix.com from $230.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Morgan Stanley dropped their price objective on Wix.com from $200.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Finally, Citigroup decreased their target price on Wix.com from $197.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.81.

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.