31,399 Shares in Wix.com Ltd. $WIX Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new stake in Wix.com Ltd. (NASDAQ:WIXFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,399 shares of the information services provider’s stock, valued at approximately $5,576,000. Picton Mahoney Asset Management owned 0.06% of Wix.com at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Wix.com by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 491,958 shares of the information services provider’s stock valued at $77,466,000 after purchasing an additional 12,210 shares during the period. Schroder Investment Management Group boosted its position in shares of Wix.com by 34.8% in the 2nd quarter. Schroder Investment Management Group now owns 228,028 shares of the information services provider’s stock worth $36,133,000 after purchasing an additional 58,859 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in shares of Wix.com by 65.9% during the third quarter. Mediolanum International Funds Ltd now owns 55,647 shares of the information services provider’s stock worth $10,054,000 after purchasing an additional 22,112 shares during the period. Liontrust Investment Partners LLP bought a new stake in Wix.com in the second quarter valued at about $3,708,000. Finally, Senvest Management LLC lifted its stake in Wix.com by 32.2% in the second quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock valued at $323,403,000 after buying an additional 496,770 shares during the period. 81.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on WIX. UBS Group restated an “overweight” rating on shares of Wix.com in a report on Thursday, December 11th. Jefferies Financial Group cut their price target on shares of Wix.com from $200.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Wall Street Zen raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Scotiabank lowered their target price on shares of Wix.com from $255.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 20th. Finally, Bank of America cut their target price on shares of Wix.com from $210.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Wix.com presently has an average rating of “Moderate Buy” and an average price target of $155.35.

Check Out Our Latest Report on WIX

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Wix.com Stock Performance

Shares of WIX opened at $83.78 on Thursday. The stock has a 50 day simple moving average of $83.51 and a 200 day simple moving average of $116.16. Wix.com Ltd. has a 52-week low of $60.22 and a 52-week high of $197.85. The firm has a market capitalization of $4.70 billion, a PE ratio of 35.80, a P/E/G ratio of 2.31 and a beta of 1.39.

Wix.com (NASDAQ:WIXGet Free Report) last announced its earnings results on Wednesday, March 4th. The information services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.36 by $0.45. Wix.com had a net margin of 7.20% and a negative return on equity of 102.59%. The firm had revenue of $524.27 million for the quarter, compared to the consensus estimate of $527.69 million. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. Equities research analysts predict that Wix.com Ltd. will post 3.65 EPS for the current fiscal year.

Wix.com announced that its board has initiated a stock buyback plan on Wednesday, January 28th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information services provider to reacquire up to 40.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Wix.com

(Free Report)

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.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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