Wix.Com (WIX) Stock Price Up 6.3%
Wix.Com Ltd (NASDAQ:WIX)’s share price rose 6.3% on Thursday . The stock traded as high as $96.00 and last traded at $94.99. Approximately 1,082,779 shares traded hands during trading, an increase of 68% from the average daily volume of 644,215 shares. The stock had previously closed at $89.35.
WIX has been the subject of several research analyst reports. BidaskClub cut Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. SunTrust Banks raised their price target on Wix.Com to $120.00 and gave the company a “buy” rating in a report on Thursday, July 26th. JPMorgan Chase & Co. cut their price target on Wix.Com from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, JMP Securities cut their price target on Wix.Com from $125.00 to $112.00 and set a “market outperform” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $104.24.
The stock has a market capitalization of $4.15 billion, a P/E ratio of -94.99 and a beta of 1.82. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.76.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Symmetry Peak Management LLC raised its position in shares of Wix.Com by 270.0% in the 3rd quarter. Symmetry Peak Management LLC now owns 18,500 shares of the information services provider’s stock worth $2,214,000 after acquiring an additional 13,500 shares in the last quarter. Sylebra HK Co Ltd bought a new position in shares of Wix.Com in the 3rd quarter worth $29,969,000. Caxton Associates LP bought a new position in shares of Wix.Com in the 3rd quarter worth $240,000. Vident Investment Advisory LLC purchased a new position in Wix.Com during the 3rd quarter worth $667,000. Finally, SQN Investors LP grew its stake in Wix.Com by 3.5% during the 3rd quarter. SQN Investors LP now owns 621,209 shares of the information services provider’s stock worth $74,359,000 after buying an additional 21,275 shares during the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.
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About Wix.Com (NASDAQ:WIX)
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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