Y Intercept Hong Kong Ltd Sells 27,732 Shares of Wix.com Ltd. $WIX

Y Intercept Hong Kong Ltd decreased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 54.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,843 shares of the information services provider’s stock after selling 27,732 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Wix.com were worth $2,057,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WIX. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Wix.com during the fourth quarter valued at approximately $4,087,000. Dream Peak Capital Ltd bought a new position in Wix.com in the fourth quarter worth approximately $1,500,000. Massachusetts Financial Services Co. MA lifted its holdings in Wix.com by 70.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 520,633 shares of the information services provider’s stock worth $54,089,000 after buying an additional 214,864 shares during the period. Lakehouse Capital Pty Ltd lifted its holdings in Wix.com by 43.1% during the third quarter. Lakehouse Capital Pty Ltd now owns 108,480 shares of the information services provider’s stock worth $19,269,000 after buying an additional 32,686 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Wix.com during the 3rd quarter valued at $2,035,000. Institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WIX. Citigroup cut their price target on Wix.com from $66.00 to $59.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Benchmark reaffirmed a “buy” rating on shares of Wix.com in a research report on Tuesday, June 9th. JPMorgan Chase & Co. reduced their target price on shares of Wix.com from $86.00 to $62.00 and set an “underweight” rating for the company in a report on Thursday, June 18th. Citizens Jmp lowered shares of Wix.com from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada lowered their price target on shares of Wix.com from $60.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.75.

Wix.com Trading Down 5.2%

Shares of WIX opened at $47.76 on Thursday. Wix.com Ltd. has a 12 month low of $40.16 and a 12 month high of $190.93. The stock has a fifty day moving average price of $54.60 and a 200-day moving average price of $73.55. The firm has a market cap of $2.78 billion, a PE ratio of -61.23 and a beta of 0.93.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data 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 return on equity of 33.28% and a negative net margin of 1.97%.The business had revenue of $541.17 million during the quarter, compared to analyst estimates of $544.04 million. During the same period in the previous year, the business earned $1.69 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts forecast that Wix.com Ltd. will post -0.17 EPS for the current year.

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.