Wix.Com Sees Unusually Large Options Volume (WIX)

Wix.Com Ltd (NASDAQ:WIX) saw some unusual options trading activity on Tuesday. Investors bought 4,497 put options on the company. This represents an increase of 875% compared to the typical daily volume of 461 put options.

Several hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its holdings in Wix.Com by 196.5% in the 2nd quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock worth $207,000 after acquiring an additional 1,965 shares during the last quarter. ARK Investment Management LLC bought a new stake in Wix.Com in the 4th quarter worth $215,000. Parametrica Management Ltd bought a new stake in Wix.Com in the 4th quarter worth $246,000. Koch Industries Inc. bought a new stake in Wix.Com in the 4th quarter worth $343,000. Finally, SG Americas Securities LLC grew its holdings in Wix.Com by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock worth $383,000 after acquiring an additional 859 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

WIX has been the topic of a number of recent research reports. SunTrust Banks restated a “buy” rating and set a $73.00 price target on shares of Wix.Com in a research note on Monday, November 6th. Royal Bank of Canada reiterated a “hold” rating and issued a $80.00 target price on shares of Wix.Com in a research note on Wednesday, November 8th. KeyCorp reiterated an “overweight” rating on shares of Wix.Com in a research note on Wednesday, November 8th. Wedbush cut shares of Wix.Com from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $86.00 to $65.00 in a research note on Thursday, November 9th. Finally, Oppenheimer lowered their target price on shares of Wix.Com from $88.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $77.20.

Wix.Com (NASDAQ:WIX) traded up $6.15 during mid-day trading on Wednesday, hitting $71.70. 3,292,244 shares of the company traded hands, compared to its average volume of 673,989. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.86. Wix.Com has a 52 week low of $50.90 and a 52 week high of $86.15. The company has a market cap of $2,868.31, a price-to-earnings ratio of -57.82 and a beta of 2.16.

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About Wix.Com

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

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