Invesco Ltd. increased its position in shares of Wix.Com Ltd (NASDAQ:WIX) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,588 shares of the information services provider’s stock after acquiring an additional 1,161 shares during the period. Invesco Ltd. owned approximately 0.07% of Wix.Com worth $5,057,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its stake in Wix.Com by 18.1% in the 1st quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock worth $529,556,000 after buying an additional 671,358 shares in the last quarter. Soroban Capital Partners LP purchased a new stake in Wix.Com during the 2nd quarter valued at $79,923,000. Allianz Asset Management GmbH purchased a new stake in Wix.Com during the 2nd quarter valued at $37,539,000. Coatue Management LLC purchased a new stake in Wix.Com during the 2nd quarter valued at $25,280,000. Finally, Marshall Wace LLP boosted its position in Wix.Com by 133,976.2% during the 1st quarter. Marshall Wace LLP now owns 168,936 shares of the information services provider’s stock valued at $20,414,000 after buying an additional 168,810 shares during the period. 84.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ WIX opened at $125.87 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.02. Wix.Com Ltd has a 12 month low of $80.20 and a 12 month high of $155.75. The firm has a market capitalization of $6.28 billion, a PE ratio of -286.07 and a beta of 1.51. The firm has a fifty day simple moving average of $128.66 and a two-hundred day simple moving average of $135.67.
Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.17. The company had revenue of $185.40 million during the quarter, compared to analyst estimates of $183.92 million. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. Wix.Com’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. On average, sell-side analysts predict that Wix.Com Ltd will post -1.22 earnings per share for the current year.
Several equities research analysts have weighed in on the stock. SunTrust Banks reissued a “buy” rating and set a $168.00 price target on shares of Wix.Com in a research report on Friday, September 27th. Royal Bank of Canada increased their price target on shares of Wix.Com to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Zacks Investment Research upgraded shares of Wix.Com from a “strong sell” rating to a “hold” rating and set a $122.00 price objective for the company in a report on Saturday, July 20th. Wedbush upped their price objective on shares of Wix.Com from $152.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Deutsche Bank upped their price objective on shares of Wix.Com from $135.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $136.39.
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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