Y.D. More Investments Ltd Has $1.74 Million Position in Wix.com Ltd. $WIX

Y.D. More Investments Ltd lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 79.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,700 shares of the information services provider’s stock after selling 62,994 shares during the period. Y.D. More Investments Ltd’s holdings in Wix.com were worth $1,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WIX. AQR Capital Management LLC raised its holdings in Wix.com by 36.6% during the 1st quarter. AQR Capital Management LLC now owns 1,627 shares of the information services provider’s stock worth $266,000 after buying an additional 436 shares during the period. Woodline Partners LP boosted its holdings in shares of Wix.com by 9.7% in the first quarter. Woodline Partners LP now owns 2,292 shares of the information services provider’s stock valued at $374,000 after buying an additional 202 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after acquiring an additional 215 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Wix.com by 18.9% during the second quarter. Cetera Investment Advisers now owns 1,853 shares of the information services provider’s stock worth $294,000 after acquiring an additional 295 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Wix.com by 29.5% during the second quarter. American Century Companies Inc. now owns 6,930 shares of the information services provider’s stock worth $1,098,000 after acquiring an additional 1,580 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WIX. Citizens Jmp reduced their target price on shares of Wix.com from $185.00 to $125.00 and set a “market outperform” rating for the company in a research note on Thursday, January 22nd. Wells Fargo & Company cut their price target on Wix.com from $176.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Royal Bank Of Canada reduced their price objective on Wix.com from $155.00 to $112.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Wall Street Zen lowered Wix.com from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $130.00 target price on shares of Wix.com in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $128.70.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $81.95 on Monday. The company’s 50-day moving average price is $81.27 and its two-hundred day moving average price is $106.81. Wix.com Ltd. has a one year low of $60.22 and a one year high of $191.24. The stock has a market capitalization of $4.78 billion, a PE ratio of 101.17, a price-to-earnings-growth ratio of 2.82 and a beta of 1.26.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.45. The company had revenue of $524.27 million during the quarter, compared to analysts’ expectations of $527.69 million. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.Wix.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. On average, analysts anticipate that Wix.com Ltd. will post 3.65 earnings per share for the current fiscal year.

Wix.com announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information services provider to reacquire up to 40.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.