WCM Investment Management LLC Grows Position in Wix.Com Ltd (NASDAQ:WIX)
WCM Investment Management LLC boosted its holdings in Wix.Com Ltd (NASDAQ:WIX) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,815 shares of the information services provider’s stock after acquiring an additional 1,745 shares during the quarter. WCM Investment Management LLC’s holdings in Wix.Com were worth $3,526,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Achmea Investment Management B.V. acquired a new position in shares of Wix.Com in the 2nd quarter valued at about $1,018,000. Teacher Retirement System of Texas acquired a new position in shares of Wix.Com in the 2nd quarter valued at about $216,000. Requisite Capital Management LLC acquired a new position in shares of Wix.Com in the 2nd quarter valued at about $284,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Wix.Com by 35.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 2,700 shares of the information services provider’s stock valued at $384,000 after purchasing an additional 700 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Wix.Com by 4.5% in the 2nd quarter. Swiss National Bank now owns 168,000 shares of the information services provider’s stock valued at $23,873,000 after purchasing an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 83.62% of the company’s stock.
Wix.Com stock traded up $2.84 during midday trading on Thursday, hitting $149.93. 12,739 shares of the company were exchanged, compared to its average volume of 559,857. The company’s fifty day moving average price is $145.67 and its 200-day moving average price is $131.51. The company has a market cap of $7.40 billion, a PE ratio of -340.75 and a beta of 1.48. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.93 and a quick ratio of 1.93. Wix.Com Ltd has a fifty-two week low of $80.20 and a fifty-two week high of $155.75.
Several equities analysts have recently weighed in on the company. Northland Securities reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Wix.Com in a research note on Wednesday, July 24th. ValuEngine raised Wix.Com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. Oppenheimer lifted their price objective on Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Deutsche Bank lifted their price objective on Wix.Com from $135.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Wedbush boosted their price target on Wix.Com from $152.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $135.06.
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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