Koshinski Asset Management Inc. acquired a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,100 shares of the information services provider’s stock, valued at approximately $2,050,000.
Several other institutional investors and hedge funds also recently bought and sold shares of WIX. Highlander Capital Management LLC acquired a new stake in shares of Wix.com during the 3rd quarter worth approximately $25,000. Sonora Investment Management LLC acquired a new stake in shares of Wix.com during the 4th quarter worth about $25,000. Manchester Financial Inc. acquired a new stake in shares of Wix.com during the 4th quarter worth about $25,000. Parallel Advisors LLC grew its position in Wix.com by 144.4% in the 4th quarter. Parallel Advisors LLC now owns 110 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 65 shares in the last quarter. Finally, Veriti Management LLC acquired a new position in Wix.com in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
WIX has been the subject of several recent analyst reports. Citigroup boosted their target price on Wix.com from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 25th. KeyCorp boosted their target price on Wix.com from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, March 24th. Wolfe Research assumed coverage on Wix.com in a report on Wednesday, March 31st. They set an “outperform” rating and a $350.00 price objective on the stock. Zacks Investment Research lowered Wix.com from a “hold” rating to a “strong sell” rating and set a $286.00 price objective on the stock. in a report on Wednesday, February 24th. Finally, Wedbush boosted their target price on Wix.com from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Wix.com currently has an average rating of “Buy” and an average price target of $315.11.
Wix.com (NASDAQ:WIX) last issued its earnings results on Wednesday, February 17th. The information services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.80) by $0.77. The company had revenue of $282.53 million during the quarter, compared to analysts’ expectations of $270.25 million. Wix.com had a negative net margin of 15.92% and a negative return on equity of 46.89%. On average, equities analysts predict that Wix.com Ltd. will post -3.2 EPS for the current fiscal year.
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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