Meitav Investment House Ltd. Sells 4,040 Shares of Wix.com Ltd. (NASDAQ:WIX)

Meitav Investment House Ltd. lessened its stake in shares of Wix.com Ltd. (NASDAQ:WIXFree Report) by 1.6% during the third quarter, Holdings Channel.com reports. The fund owned 246,238 shares of the information services provider’s stock after selling 4,040 shares during the period. Meitav Investment House Ltd.’s holdings in Wix.com were worth $41,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WIX. Blue Trust Inc. increased its stake in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Wix.com during the 1st quarter valued at $37,000. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after acquiring an additional 488 shares in the last quarter. CWM LLC boosted its holdings in shares of Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $190.00 price objective on shares of Wix.com in a report on Wednesday, August 7th. Piper Sandler raised Wix.com from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $184.00 to $200.00 in a report on Monday, September 23rd. KeyCorp initiated coverage on Wix.com in a report on Thursday, July 25th. They set a “sector weight” rating on the stock. Evercore ISI raised Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Finally, UBS Group lifted their target price on Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average target price of $190.06.

Get Our Latest Research Report on WIX

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $167.88 on Thursday. Wix.com Ltd. has a 1 year low of $76.90 and a 1 year high of $179.00. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 147.26, a P/E/G ratio of 3.49 and a beta of 1.48. The business’s 50-day moving average is $163.28 and its 200-day moving average is $155.83.

Wix.com (NASDAQ:WIXGet Free Report) last issued its earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The business had revenue of $435.70 million during the quarter, compared to analyst estimates of $442.88 million. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Wix.com Ltd. will post 2.1 EPS for the current year.

Wix.com Company Profile

(Free Report)

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.

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

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