Harbor Capital Advisors Inc. Has $702,000 Position in Wix.com Ltd. (NASDAQ:WIX)

Harbor Capital Advisors Inc. boosted its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 311.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,414 shares of the information services provider’s stock after acquiring an additional 3,341 shares during the period. Harbor Capital Advisors Inc.’s holdings in Wix.com were worth $702,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WIX. DekaBank Deutsche Girozentrale lifted its stake in Wix.com by 7.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,678 shares of the information services provider’s stock worth $333,000 after purchasing an additional 192 shares during the period. Natixis Advisors L.P. grew its position in Wix.com by 2.0% in the fourth quarter. Natixis Advisors L.P. now owns 10,980 shares of the information services provider’s stock valued at $1,350,000 after acquiring an additional 214 shares during the period. Northwest Bank & Trust Co acquired a new position in Wix.com during the fourth quarter worth $26,000. Fidelis Capital Partners LLC acquired a new position in Wix.com during the first quarter worth $37,000. Finally, TD Asset Management Inc boosted its stake in shares of Wix.com by 2.7% in the 4th quarter. TD Asset Management Inc now owns 14,913 shares of the information services provider’s stock valued at $1,835,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of WIX traded up $0.18 during midday trading on Wednesday, hitting $157.24. The stock had a trading volume of 634,624 shares, compared to its average volume of 613,167. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 139.04, a price-to-earnings-growth ratio of 3.50 and a beta of 1.47. The company has a 50 day simple moving average of $160.92 and a two-hundred day simple moving average of $143.44. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $178.65.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Monday, May 20th. The information services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $419.78 million for the quarter, compared to analyst estimates of $417.71 million. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. Analysts forecast that Wix.com Ltd. will post 1.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WIX has been the topic of several recent analyst reports. Evercore ISI raised Wix.com to a “strong-buy” rating in a report on Monday. Barclays increased their target price on Wix.com from $160.00 to $184.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, May 25th. JPMorgan Chase & Co. raised their price objective on shares of Wix.com from $148.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Finally, Bank of America upped their target price on shares of Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.19.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.