Wix.com Ltd. $WIX Holdings Raised by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its stake in Wix.com Ltd. (NASDAQ:WIX) by 108.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,667 shares of the information services provider’s stock after purchasing an additional 95,139 shares during the quarter. Meitav Investment House Ltd.’s holdings in Wix.com were worth $16,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after buying an additional 132 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com in the 4th quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its holdings in shares of Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares in the last quarter. Employees Retirement System of Texas boosted its holdings in shares of Wix.com by 129.9% in the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 252 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in shares of Wix.com by 464.8% during the fourth quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 409 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of Wix.com stock traded up $1.06 during midday trading on Tuesday, reaching $51.27. 341,380 shares of the company’s stock traded hands, compared to its average volume of 2,360,968. Wix.com Ltd. has a 52 week low of $40.16 and a 52 week high of $190.93. The company’s 50 day simple moving average is $55.68 and its 200 day simple moving average is $74.32. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -65.69 and a beta of 0.93.

Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.53). Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The business had revenue of $541.17 million for the quarter, compared to analyst estimates of $544.04 million. During the same period in the previous year, the company earned $1.69 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that Wix.com Ltd. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WIX shares. Royal Bank Of Canada dropped their target price on Wix.com from $60.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 9th. Morgan Stanley cut their target price on shares of Wix.com from $125.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Benchmark reiterated a “buy” rating on shares of Wix.com in a research report on Tuesday, June 9th. Barclays lowered their price objective on shares of Wix.com from $155.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Oppenheimer reduced their price objective on Wix.com from $115.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.75.

About Wix.com

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.