Los Angeles Capital Management LLC Has $263,000 Holdings in Wix.com Ltd. (NASDAQ:WIX)

Los Angeles Capital Management LLC cut its holdings in Wix.com Ltd. (NASDAQ:WIX) by 97.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,910 shares of the information services provider’s stock after selling 63,165 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Wix.com were worth $263,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WIX. Norges Bank acquired a new stake in shares of Wix.com during the fourth quarter valued at about $34,554,000. Clearbridge Investments LLC boosted its stake in shares of Wix.com by 5.3% during the fourth quarter. Clearbridge Investments LLC now owns 1,143,794 shares of the information services provider’s stock valued at $140,710,000 after purchasing an additional 57,090 shares in the last quarter. Crescent Park Management L.P. boosted its stake in shares of Wix.com by 16.5% during the fourth quarter. Crescent Park Management L.P. now owns 106,886 shares of the information services provider’s stock valued at $13,149,000 after purchasing an additional 15,131 shares in the last quarter. APG Asset Management US Inc. bought a new position in shares of Wix.com during the fourth quarter worth about $1,336,000. Finally, Capital Fund Management S.A. raised its position in shares of Wix.com by 1,378.7% during the fourth quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock worth $19,739,000 after acquiring an additional 149,605 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Up 1.2 %

Shares of NASDAQ:WIX opened at $159.19 on Friday. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 139.64, a PEG ratio of 3.71 and a beta of 1.46. Wix.com Ltd. has a 12-month low of $75.09 and a 12-month high of $178.65. The business’s 50 day moving average is $147.74 and its 200 day moving average is $135.60.

Wix.com (NASDAQ:WIX) last announced its earnings results on Monday, May 20th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The company had revenue of $419.78 million for the quarter, compared to analysts’ expectations of $417.71 million. Wix.com had a negative return on equity of 59.67% and a net margin of 4.20%. As a group, equities research analysts expect that Wix.com Ltd. will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

WIX has been the subject of a number of analyst reports. Bank of America raised their price objective on Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Royal Bank of Canada raised their price objective on Wix.com from $160.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Barclays lifted their target price on Wix.com from $160.00 to $184.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. UBS Group lifted their target price on Wix.com from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Citigroup lifted their target price on Wix.com from $175.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $175.59.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.