22,228 Shares in Wix.com Ltd. $WIX Acquired by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC acquired a new stake in Wix.com Ltd. (NASDAQ:WIX) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,228 shares of the information services provider’s stock, valued at approximately $2,002,000. Wix.com comprises 1.2% of Collaborative Fund Advisors LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. increased its position in Wix.com by 128.3% in the third quarter. Ameriprise Financial Inc. now owns 4,637,795 shares of the information services provider’s stock worth $823,813,000 after buying an additional 2,606,204 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Wix.com by 90.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider’s stock valued at $602,270,000 after buying an additional 1,609,989 shares during the last quarter. Senvest Management LLC lifted its position in shares of Wix.com by 20.9% during the 4th quarter. Senvest Management LLC now owns 3,008,480 shares of the information services provider’s stock valued at $312,551,000 after buying an additional 519,805 shares during the last quarter. Dorsal Capital Management LP lifted its position in shares of Wix.com by 50.0% during the 3rd quarter. Dorsal Capital Management LP now owns 1,575,000 shares of the information services provider’s stock valued at $279,767,000 after buying an additional 525,000 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Wix.com during the 4th quarter worth $150,622,000. 81.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WIX shares. Benchmark reissued a “buy” rating on shares of Wix.com in a report on Tuesday, June 9th. Royal Bank Of Canada cut their target price on shares of Wix.com from $60.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 9th. Cantor Fitzgerald cut their target price on shares of Wix.com from $110.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Scotiabank reiterated an “outperform” rating on shares of Wix.com in a research note on Tuesday, June 9th. Finally, UBS Group lowered their price target on shares of Wix.com from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and a consensus price target of $96.75.

Wix.com Price Performance

NASDAQ WIX opened at $49.35 on Monday. The company’s 50 day simple moving average is $56.11 and its two-hundred day simple moving average is $74.69. Wix.com Ltd. has a 1 year low of $40.16 and a 1 year high of $190.93. The stock has a market capitalization of $2.88 billion, a PE ratio of -63.27 and a beta of 0.93.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). The firm had revenue of $541.17 million for the quarter, compared to analysts’ expectations of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. On average, research analysts anticipate that Wix.com Ltd. will post -0.17 EPS for the current year.

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.