Xponance Inc. Boosts Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Xponance Inc. lifted its position in Wix.com Ltd. (NASDAQ:WIX – Get Rating) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,292 shares of the information services provider’s stock after buying an additional 282 shares during the quarter. Xponance Inc.’s holdings in Wix.com were worth $414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WIX. Baillie Gifford & Co. raised its holdings in shares of Wix.com by 113.8% in the 2nd quarter. Baillie Gifford & Co. now owns 8,091,917 shares of the information services provider’s stock valued at $530,426,000 after buying an additional 4,306,991 shares during the period. Eminence Capital LP raised its holdings in shares of Wix.com by 314.8% in the 1st quarter. Eminence Capital LP now owns 1,242,745 shares of the information services provider’s stock valued at $129,817,000 after buying an additional 943,121 shares during the period. First Trust Advisors LP raised its holdings in shares of Wix.com by 22,397.5% in the 1st quarter. First Trust Advisors LP now owns 690,449 shares of the information services provider’s stock valued at $72,124,000 after buying an additional 687,380 shares during the period. Steadfast Capital Management LP raised its holdings in shares of Wix.com by 4,365.6% in the 1st quarter. Steadfast Capital Management LP now owns 613,578 shares of the information services provider’s stock valued at $64,094,000 after buying an additional 599,838 shares during the period. Finally, Shenkman Capital Management Inc. purchased a new stake in shares of Wix.com in the 2nd quarter valued at $411,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.

Wix.com Stock Up 3.3 %

Shares of NASDAQ WIX opened at $77.07 on Tuesday. The stock has a market cap of $4.41 billion, a PE ratio of -8.94 and a beta of 1.14. Wix.com Ltd. has a 52-week low of $53.12 and a 52-week high of $158.98. The business has a 50-day moving average price of $80.97 and a 200 day moving average price of $74.53.

Wix.com (NASDAQ:WIX – Get Rating) last announced its earnings results on Thursday, November 10th. The information services provider reported ($0.81) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.15. The firm had revenue of $345.81 million during the quarter, compared to analysts’ expectations of $343.17 million. Wix.com had a negative return on equity of 333.40% and a negative net margin of 36.51%. Sell-side analysts anticipate that Wix.com Ltd. will post -4.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Wix.com in a research note on Friday, November 11th. They set a “neutral” rating and a $84.00 target price for the company. Piper Sandler boosted their target price on Wix.com from $78.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, November 11th. StockNews.com raised Wix.com from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Needham & Company LLC boosted their target price on Wix.com from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 11th. Finally, Morgan Stanley boosted their target price on Wix.com from $81.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.25.

Wix.com Profile

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Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.