Wix.com Ltd. $WIX Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Wix.com Ltd. (NASDAQ:WIX) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 970,500 shares of the information services provider’s stock after purchasing an additional 17,697 shares during the period. SG Americas Securities LLC owned approximately 1.66% of Wix.com worth $87,413,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Wix.com during the 4th quarter valued at $4,087,000. Intech Investment Management LLC bought a new position in shares of Wix.com in the third quarter worth $6,179,000. Dream Peak Capital Ltd acquired a new position in shares of Wix.com during the fourth quarter valued at $1,500,000. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 valued at $54,089,000 after purchasing an additional 214,864 shares during the period. Finally, Lakehouse Capital Pty Ltd raised its stake in shares of 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 valued at $19,269,000 after purchasing an additional 32,686 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WIX. Oppenheimer reduced their price objective on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Weiss Ratings downgraded shares of Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Wells Fargo & Company reduced their price target on shares of Wix.com from $54.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Wix.com in a report on Monday, June 15th. Finally, Jefferies Financial Group lowered their price objective on shares of Wix.com from $200.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.75.

Wix.com Price Performance

Shares of WIX stock opened at $42.49 on Monday. The stock has a 50-day simple moving average of $61.08 and a 200 day simple moving average of $78.67. The stock has a market capitalization of $2.48 billion, a P/E ratio of -54.47 and a beta of 0.92. Wix.com Ltd. has a fifty-two week low of $40.51 and a fifty-two week high of $190.93.

Wix.com (NASDAQ:WIX) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $544.04 million. During the same quarter last year, the firm posted $1.69 earnings per share. Wix.com’s revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Wix.com Ltd. will post -0.1 earnings per share for the current year.

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.