Temasek Holdings Private Ltd Has $10.38 Million Stock Position in Wix.com Ltd. $WIX

Temasek Holdings Private Ltd lowered its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 84.8% during the first quarter, HoldingsChannel reports. The fund owned 115,282 shares of the information services provider’s stock after selling 641,584 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Wix.com were worth $10,383,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in Wix.com by 11,894.0% in the 1st quarter. Hsbc Holdings PLC now owns 3,529,474 shares of the information services provider’s stock valued at $318,676,000 after purchasing an additional 3,500,047 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Wix.com by 879.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,031,591 shares of the information services provider’s stock worth $321,926,000 after purchasing an additional 1,824,070 shares during the period. Wellington Management Group LLP raised its position in shares of Wix.com by 90.4% during the third quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider’s stock valued at $602,270,000 after buying an additional 1,609,989 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Wix.com during the fourth quarter valued at about $150,622,000. Finally, Atreides Management LP bought a new stake in shares of Wix.com in the fourth quarter valued at about $129,598,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WIX shares. Weiss Ratings downgraded Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Bank of America decreased their target price on shares of Wix.com from $136.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Royal Bank Of Canada lowered their target price on shares of Wix.com from $60.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 9th. UBS Group dropped their target price on Wix.com from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. cut their target price on Wix.com from $86.00 to $62.00 and set an “underweight” rating for the company in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.10.

Wix.com Stock Down 4.2%

Shares of Wix.com stock opened at $51.12 on Wednesday. Wix.com Ltd. has a 12-month low of $40.16 and a 12-month high of $190.93. The stock has a market capitalization of $2.98 billion, a P/E ratio of -65.54 and a beta of 0.93. The company has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $70.18.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). The firm had revenue of $541.17 million during the quarter, compared to analyst estimates of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. Wix.com’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. On average, equities analysts anticipate that Wix.com Ltd. will post -0.17 earnings per share for the current year.

Wix.com Profile

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.