Havemeyer Place LP Buys Shares of 13,716 Wix.com Ltd. $WIX

Havemeyer Place LP bought a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,716 shares of the information services provider’s stock, valued at approximately $1,425,000.

A number of other large investors have also recently modified their holdings of WIX. Ameriprise Financial Inc. boosted its position in shares of Wix.com by 128.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,637,795 shares of the information services provider’s stock valued at $823,813,000 after acquiring an additional 2,606,204 shares during the last quarter. Wellington Management Group LLP lifted its position in Wix.com by 90.4% in the third quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider’s stock valued at $602,270,000 after purchasing an additional 1,609,989 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Wix.com in the fourth quarter valued at approximately $150,622,000. Durable Capital Partners LP bought a new stake in Wix.com in the third quarter valued at approximately $183,286,000. Finally, Norges Bank purchased a new position in shares of Wix.com during the fourth quarter valued at approximately $68,293,000. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

WIX stock opened at $52.39 on Monday. Wix.com Ltd. has a fifty-two week low of $51.33 and a fifty-two week high of $190.93. The business’s 50-day moving average is $69.06 and its two-hundred day moving average is $82.50. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -67.17 and a beta of 0.92.

Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The firm had revenue of $541.17 million during the quarter, compared to the consensus estimate of $544.04 million. During the same period in the prior year, the company posted $1.69 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities analysts predict that Wix.com Ltd. will post -0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WIX. Barclays reduced their target price on Wix.com from $155.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Royal Bank Of Canada cut Wix.com from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $90.00 to $60.00 in a research note on Thursday, May 14th. Scotiabank reduced their target price on Wix.com from $135.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. UBS Group reissued a “neutral” rating and set a $68.00 target price on shares of Wix.com in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. reduced their price target on Wix.com from $91.00 to $86.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.90.

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.