Capital Fund Management S.A. decreased its position in Wix.Com Ltd (NASDAQ:WIX) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201,213 shares of the information services provider’s stock after selling 47,983 shares during the quarter. Capital Fund Management S.A. owned about 0.44% of Wix.Com worth $11,580,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its position in Wix.Com by 57.5% during the fourth quarter. Sei Investments Co. now owns 281,686 shares of the information services provider’s stock worth $16,211,000 after purchasing an additional 102,796 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its position in Wix.Com by 103.9% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 241,182 shares of the information services provider’s stock worth $13,880,000 after purchasing an additional 122,887 shares during the period. California Public Employees Retirement System boosted its position in Wix.Com by 9.6% during the fourth quarter. California Public Employees Retirement System now owns 17,100 shares of the information services provider’s stock worth $984,000 after purchasing an additional 1,500 shares during the period. Victory Capital Management Inc. boosted its position in Wix.Com by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 948,740 shares of the information services provider’s stock worth $54,600,000 after purchasing an additional 20,510 shares during the period. Finally, Parametrica Management Ltd bought a new stake in Wix.Com during the fourth quarter worth approximately $246,000. 81.85% of the stock is owned by institutional investors and hedge funds.
Wix.Com Ltd (WIX) opened at $82.45 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.86. The company has a market capitalization of $3,747.89, a price-to-earnings ratio of -66.49 and a beta of 1.81. Wix.Com Ltd has a 12 month low of $50.90 and a 12 month high of $86.15.
Wix.Com (NASDAQ:WIX) last issued its earnings results on Wednesday, February 14th. The information services provider reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The business had revenue of $118.60 million during the quarter, compared to analyst estimates of $116.86 million. Wix.Com had a negative return on equity of 1,376.12% and a negative net margin of 13.22%. Wix.Com’s revenue was up 40.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. research analysts predict that Wix.Com Ltd will post -0.54 EPS for the current fiscal year.
WIX has been the subject of a number of recent analyst reports. UBS Group raised Wix.Com from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, January 4th. Raymond James Financial raised Wix.Com from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research report on Thursday, January 4th. BidaskClub upgraded Wix.Com from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. Zacks Investment Research upgraded Wix.Com from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, KeyCorp reiterated a “buy” rating and set a $83.00 price target on shares of Wix.Com in a report on Sunday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $80.60.
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Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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