Wix.com Ltd. (NASDAQ:WIX) Shares Sold by 13D Management LLC

13D Management LLC decreased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,400 shares of the information services provider’s stock after selling 19,700 shares during the period. Wix.com makes up about 3.4% of 13D Management LLC’s holdings, making the stock its 12th biggest position. 13D Management LLC owned approximately 0.12% of Wix.com worth $6,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its stake in Wix.com by 2.9% in the 1st quarter. BlackRock Inc. now owns 3,800,140 shares of the information services provider’s stock valued at $379,254,000 after buying an additional 106,217 shares in the last quarter. Eminence Capital LP lifted its stake in Wix.com by 47.9% in the 4th quarter. Eminence Capital LP now owns 946,499 shares of the information services provider’s stock valued at $72,720,000 after buying an additional 306,740 shares in the last quarter. Wellington Management Group LLP lifted its stake in Wix.com by 37.8% in the 1st quarter. Wellington Management Group LLP now owns 922,606 shares of the information services provider’s stock valued at $92,076,000 after buying an additional 253,091 shares in the last quarter. Millennium Management LLC lifted its stake in Wix.com by 139.8% in the 4th quarter. Millennium Management LLC now owns 895,821 shares of the information services provider’s stock valued at $68,826,000 after buying an additional 522,264 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Wix.com by 13,352.3% during the 1st quarter. Acadian Asset Management LLC now owns 860,008 shares of the information services provider’s stock worth $85,798,000 after purchasing an additional 853,615 shares during the period. Institutional investors and hedge funds own 83.91% of the company’s stock.

Wix.com Price Performance

Shares of Wix.com stock opened at $93.07 on Friday. The business has a 50-day moving average of $88.40 and a 200-day moving average of $86.34. The company has a market capitalization of $5.28 billion, a PE ratio of -84.61 and a beta of 1.24. Wix.com Ltd. has a 1-year low of $66.18 and a 1-year high of $102.82.

Wix.com (NASDAQ:WIX) last announced its earnings results on Thursday, August 3rd. The information services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.72. The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $384.55 million. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.94) earnings per share. On average, equities analysts expect that Wix.com Ltd. will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of recent analyst reports. B. Riley initiated coverage on Wix.com in a research note on Wednesday, June 28th. They set a “buy” rating and a $120.00 price target on the stock. 58.com reissued an “initiates” rating on shares of Wix.com in a research note on Wednesday, June 28th. Oppenheimer increased their price target on Wix.com from $110.00 to $120.00 in a research note on Thursday, August 10th. Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Wix.com in a research report on Wednesday. Finally, StockNews.com started coverage on Wix.com in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $113.19.

About Wix.com

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables 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.