Millennium Management LLC boosted its position in shares of Wix.Com Ltd (NASDAQ:WIX) by 3,492.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 196,268 shares of the information services provider’s stock after purchasing an additional 190,804 shares during the period. Millennium Management LLC owned about 0.39% of Wix.Com worth $22,912,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Flinton Capital Management LLC raised its stake in shares of Wix.Com by 29.4% in the second quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock worth $50,000 after acquiring an additional 80 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Wix.Com by 0.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,827 shares of the information services provider’s stock valued at $1,614,000 after purchasing an additional 95 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Wix.Com by 29.4% in the second quarter. Meadow Creek Investment Management LLC now owns 484 shares of the information services provider’s stock valued at $69,000 after purchasing an additional 110 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Wix.Com by 4.2% in the third quarter. CIBC Asset Management Inc now owns 2,927 shares of the information services provider’s stock valued at $342,000 after purchasing an additional 117 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Wix.Com by 1.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the information services provider’s stock valued at $806,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.
Shares of WIX stock opened at $120.42 on Tuesday. Wix.Com Ltd has a 52-week low of $80.20 and a 52-week high of $155.75. The stock has a market cap of $6.03 billion, a PE ratio of -273.68 and a beta of 1.43. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.95 and a current ratio of 1.95. The firm’s 50 day moving average price is $123.85 and its two-hundred day moving average price is $134.68.
Wix.Com (NASDAQ:WIX) last issued its earnings results on Thursday, November 14th. The information services provider reported $0.41 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.75. The company had revenue of $196.79 million during the quarter, compared to analysts’ expectations of $197.70 million. Wix.Com had a negative net margin of 9.80% and a negative return on equity of 24.02%. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts predict that Wix.Com Ltd will post -1.04 earnings per share for the current fiscal year.
Several research firms have issued reports on WIX. Guggenheim reduced their price objective on Wix.Com from $170.00 to $150.00 in a report on Friday, November 15th. Deutsche Bank lowered their target price on Wix.Com from $172.00 to $140.00 and set an “average” rating for the company in a research note on Monday, November 18th. Rosenblatt Securities reissued a “sell” rating and issued a $93.00 target price on shares of Wix.Com in a research note on Wednesday, November 20th. ValuEngine downgraded Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub raised Wix.Com from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Wix.Com has an average rating of “Hold” and an average price target of $141.93.
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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