Wix.com Ltd. $WIX Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 57.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,585,962 shares of the information services provider’s stock after buying an additional 578,729 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Wix.com were worth $142,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Wix.com by 36.6% during the first quarter. AQR Capital Management LLC now owns 1,627 shares of the information services provider’s stock worth $266,000 after acquiring an additional 436 shares during the last quarter. Woodline Partners LP lifted its position in Wix.com by 9.7% in the 1st quarter. Woodline Partners LP now owns 2,292 shares of the information services provider’s stock valued at $374,000 after purchasing an additional 202 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Wix.com by 632.4% during the 1st 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 during the period. Cetera Investment Advisers grew its position in Wix.com by 18.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,853 shares of the information services provider’s stock worth $294,000 after purchasing an additional 295 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Wix.com by 29.5% during the second quarter. American Century Companies Inc. now owns 6,930 shares of the information services provider’s stock valued at $1,098,000 after buying an additional 1,580 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analyst Ratings Changes

WIX has been the topic of a number of research analyst reports. Weiss Ratings lowered Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Wells Fargo & Company decreased their target price on shares of Wix.com from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. UBS Group lowered their target price on shares of Wix.com from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. JPMorgan Chase & Co. dropped their price target on shares of Wix.com from $86.00 to $62.00 and set an “underweight” rating on the stock in a research report on Thursday, June 18th. Finally, Morgan Stanley lowered shares of Wix.com from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $112.00 to $60.00 in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $94.10.

Wix.com Trading Up 5.3%

Shares of WIX opened at $51.41 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of -65.91 and a beta of 0.93. Wix.com Ltd. has a 1 year low of $40.16 and a 1 year high of $190.93. The stock has a 50 day simple moving average of $49.74 and a 200-day simple moving average of $69.30.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The business had revenue of $541.17 million for the quarter, compared to analyst estimates of $544.04 million. During the same period in the prior year, the business earned $1.69 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that Wix.com Ltd. will post -0.16 EPS for the current fiscal year.

Wix.com Company Profile

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.