14,443 Shares in Wix.com Ltd. $WIX Acquired by Dream Peak Capital Ltd

Dream Peak Capital Ltd bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,443 shares of the information services provider’s stock, valued at approximately $1,500,000. Wix.com comprises about 0.2% of Dream Peak Capital Ltd’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds have also bought and sold shares of the stock. Legacy Wealth Asset Management LLC purchased a new position in shares of Wix.com in the fourth quarter worth $306,000. SG Americas Securities LLC grew its holdings in shares of Wix.com by 139.7% during the fourth quarter. SG Americas Securities LLC now owns 952,803 shares of the information services provider’s stock valued at $98,987,000 after buying an additional 555,305 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Wix.com by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider’s stock valued at $172,000 after acquiring an additional 120 shares during the period. Hudson Bay Capital Management LP purchased a new position in Wix.com in the 3rd quarter worth $2,035,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Wix.com in the 3rd quarter worth $9,194,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WIX has been the topic of several research analyst reports. Benchmark dropped their price target on Wix.com from $185.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Jefferies Financial Group reduced their price objective on Wix.com from $200.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Scotiabank decreased their target price on Wix.com from $175.00 to $125.00 and set a “sector outperform” rating for the company in a report on Thursday, March 5th. Citigroup dropped their target price on Wix.com from $150.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Citizens Jmp reduced their price target on shares of Wix.com from $185.00 to $125.00 and set a “market outperform” rating for the company in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.90.

Wix.com Stock Performance

Shares of WIX opened at $89.12 on Thursday. The business’s 50-day moving average is $80.56 and its two-hundred day moving average is $111.28. The company has a market capitalization of $5.20 billion, a P/E ratio of 110.02, a P/E/G ratio of 2.89 and a beta of 1.39. Wix.com Ltd. has a fifty-two week low of $60.22 and a fifty-two week high of $191.24.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.45. The business had revenue of $524.27 million during the quarter, compared to analysts’ expectations of $527.69 million. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. Analysts forecast that Wix.com Ltd. will post 3.65 EPS for the current year.

Wix.com announced that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information services provider to reacquire up to 40.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.