Teamwork Financial Advisors LLC decreased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 36.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,314 shares of the information services provider’s stock after selling 1,888 shares during the period. Teamwork Financial Advisors LLC’s holdings in Wix.com were worth $962,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. GWM Advisors LLC boosted its holdings in shares of Wix.com by 55.5% during the 1st quarter. GWM Advisors LLC now owns 3,850 shares of the information services provider’s stock valued at $1,075,000 after acquiring an additional 1,374 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Wix.com by 27.4% during the 1st quarter. Nuveen Asset Management LLC now owns 142,543 shares of the information services provider’s stock valued at $39,800,000 after acquiring an additional 30,632 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Wix.com by 13.0% during the 1st quarter. CIBC Asset Management Inc now owns 4,975 shares of the information services provider’s stock valued at $1,389,000 after acquiring an additional 572 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Wix.com by 11.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 10,140 shares of the information services provider’s stock valued at $2,831,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of Wix.com by 51.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 3,266 shares of the information services provider’s stock valued at $912,000 after acquiring an additional 1,107 shares in the last quarter. Institutional investors own 85.64% of the company’s stock.
Shares of Wix.com stock opened at $298.64 on Monday. Wix.com Ltd. has a one year low of $213.12 and a one year high of $362.07. The company has a 50-day moving average price of $284.17. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.76 and a quick ratio of 1.76.
Wix.com (NASDAQ:WIX) last issued its earnings results on Wednesday, May 12th. The information services provider reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($1.54) by $1.00. Wix.com had a negative return on equity of 87.95% and a negative net margin of 27.78%. The business had revenue of $304.10 million during the quarter, compared to analyst estimates of $295.05 million. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue was up 40.8% compared to the same quarter last year. Analysts expect that Wix.com Ltd. will post -4.13 EPS for the current fiscal year.
Several research firms recently weighed in on WIX. Wedbush cut their price objective on Wix.com from $420.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, May 13th. Atlantic Securities began coverage on Wix.com in a report on Tuesday, June 8th. They set an “overweight” rating and a $300.00 target price on the stock. Evercore ISI began coverage on Wix.com in a report on Monday, April 5th. They set an “outperform” rating and a $370.00 target price on the stock. Needham & Company LLC cut their target price on Wix.com from $340.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, May 13th. Finally, Zacks Investment Research raised Wix.com from a “sell” rating to a “hold” rating and set a $310.00 target price on the stock in a report on Tuesday, April 20th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Wix.com presently has a consensus rating of “Buy” and a consensus price target of $323.18.
Wix.com Company Profile
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.
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