BW Gestao de Investimentos Ltda. Sells 60,569 Shares of Wix.com Ltd. $WIX

BW Gestao de Investimentos Ltda. decreased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 68.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,431 shares of the information services provider’s stock after selling 60,569 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Wix.com were worth $2,850,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WIX. Farther Finance Advisors LLC raised its position in Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. Westside Investment Management Inc. raised its position in Wix.com by 100.0% during the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 77 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Wix.com during the fourth quarter valued at about $27,000. Geneos Wealth Management Inc. raised its position in Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 215 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in Wix.com by 129.9% during the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Down 8.7%

Shares of WIX opened at $57.07 on Wednesday. The business’s 50 day moving average price is $71.79 and its 200-day moving average price is $84.55. Wix.com Ltd. has a 52 week low of $51.40 and a 52 week high of $190.93. The stock has a market cap of $3.33 billion, a P/E ratio of -73.17, a P/E/G ratio of 2.61 and a beta of 0.91.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, May 13th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.53). The business had revenue of $541.17 million during the quarter, compared to the consensus estimate of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $1.69 earnings per share. On average, equities analysts anticipate that Wix.com Ltd. will post -0.27 EPS for the current year.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of research reports. Raymond James Financial restated a “strong-buy” rating and set a $100.00 price target on shares of Wix.com in a research report on Wednesday, March 4th. Piper Sandler started coverage on Wix.com in a research report on Thursday, March 12th. They set a “neutral” rating and a $98.00 price target on the stock. UBS Group reiterated a “neutral” rating and issued a $68.00 price objective on shares of Wix.com in a report on Thursday, May 14th. JPMorgan Chase & Co. decreased their price objective on Wix.com from $91.00 to $86.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Finally, Robert W. Baird downgraded Wix.com from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $115.00 to $90.00 in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.90.

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.