BlackRock Inc. Sells 128,045 Shares of Wix.com Ltd. (NASDAQ:WIX)

BlackRock Inc. cut its position in Wix.com Ltd. (NASDAQ:WIX) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,855,426 shares of the information services provider’s stock after selling 128,045 shares during the quarter. BlackRock Inc. owned about 10.45% of Wix.com worth $1,147,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Threadgill Financial LLC bought a new stake in shares of Wix.com in the third quarter valued at $3,293,000. Goldman Sachs Group Inc. raised its stake in shares of Wix.com by 9.4% in the second quarter. Goldman Sachs Group Inc. now owns 182,407 shares of the information services provider’s stock valued at $52,949,000 after buying an additional 15,641 shares during the period. Northern Trust Corp raised its stake in shares of Wix.com by 37.8% in the second quarter. Northern Trust Corp now owns 372,323 shares of the information services provider’s stock valued at $108,077,000 after buying an additional 102,197 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Wix.com by 67.8% in the second quarter. Lord Abbett & CO. LLC now owns 32,607 shares of the information services provider’s stock valued at $9,465,000 after buying an additional 13,171 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Wix.com by 139.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,956 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 4,627 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

WIX opened at $138.04 on Friday. The business has a 50 day simple moving average of $159.51 and a two-hundred day simple moving average of $207.38. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of -57.28 and a beta of 1.29. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.83 and a quick ratio of 1.83. Wix.com Ltd. has a one year low of $133.00 and a one year high of $362.07.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Thursday, November 11th. The information services provider reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($1.33) by $1.12. The business had revenue of $320.80 million during the quarter, compared to analyst estimates of $314.83 million. Wix.com had a negative return on equity of 67.18% and a negative net margin of 10.61%. During the same quarter in the prior year, the company posted ($0.84) EPS. As a group, sell-side analysts expect that Wix.com Ltd. will post -4.86 EPS for the current fiscal year.

A number of analysts recently issued reports on WIX shares. Barclays decreased their price objective on Wix.com from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, November 12th. Royal Bank of Canada lowered Wix.com from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $270.00 to $210.00 in a research note on Thursday, October 21st. Berenberg Bank started coverage on Wix.com in a research note on Monday, October 25th. They set a “buy” rating and a $251.00 price objective on the stock. JMP Securities decreased their target price on Wix.com from $282.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, November 22nd. Finally, Needham & Company LLC decreased their target price on Wix.com from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, November 12th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Wix.com currently has a consensus rating of “Buy” and a consensus price target of $270.37.

About Wix.com

Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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