Stephens Investment Management Group LLC acquired a new stake in shares of Wix.Com Ltd (NASDAQ:WIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,869 shares of the information services provider’s stock, valued at approximately $12,009,000. Stephens Investment Management Group LLC owned 0.09% of Wix.Com as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Weaver Consulting Group purchased a new position in Wix.Com during the second quarter worth approximately $28,000. Shine Investment Advisory Services Inc. raised its stake in Wix.Com by 60.0% during the second quarter. Shine Investment Advisory Services Inc. now owns 112 shares of the information services provider’s stock worth $29,000 after purchasing an additional 42 shares during the period. Ellevest Inc. raised its stake in Wix.Com by 294.9% during the second quarter. Ellevest Inc. now owns 233 shares of the information services provider’s stock worth $60,000 after purchasing an additional 174 shares during the period. Exchange Traded Concepts LLC purchased a new position in Wix.Com during the second quarter worth approximately $65,000. Finally, Captrust Financial Advisors purchased a new position in Wix.Com during the second quarter worth approximately $115,000. 91.71% of the stock is currently owned by institutional investors.
NASDAQ WIX traded down $2.64 during trading hours on Wednesday, reaching $257.40. 5,507 shares of the company traded hands, compared to its average volume of 853,865. Wix.Com Ltd has a 12 month low of $76.81 and a 12 month high of $319.34. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $12.97 billion, a PE ratio of -100.79 and a beta of 1.63. The company has a 50 day moving average of $280.42 and a two-hundred day moving average of $205.84.
Wix.Com (NASDAQ:WIX) last posted its quarterly earnings data on Thursday, August 6th. The information services provider reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.16. Wix.Com had a negative net margin of 15.92% and a negative return on equity of 46.89%. The firm had revenue of $236.10 million for the quarter, compared to the consensus estimate of $233.21 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s revenue was up 27.3% compared to the same quarter last year. On average, equities research analysts anticipate that Wix.Com Ltd will post -3.2 earnings per share for the current year.
WIX has been the subject of several recent research reports. Royal Bank of Canada reissued a “buy” rating on shares of Wix.Com in a research report on Monday, August 10th. Oppenheimer increased their price objective on shares of Wix.Com from $305.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Deutsche Bank increased their price objective on shares of Wix.Com from $220.00 to $342.00 in a research report on Monday, August 10th. Raymond James increased their price objective on shares of Wix.Com from $222.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Bank of America reissued a “buy” rating and issued a $250.00 price objective on shares of Wix.Com in a research report on Thursday, June 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $293.94.
Wix.Com Company Profile
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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