DekaBank Deutsche Girozentrale Raises Holdings in Wix.com Ltd. (NASDAQ:WIX)

DekaBank Deutsche Girozentrale increased its position in Wix.com Ltd. (NASDAQ:WIX) by 436.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,532 shares of the information services provider’s stock after acquiring an additional 12,639 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wix.com were worth $2,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Wix.com by 10.7% in the 4th quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock worth $148,942,000 after buying an additional 117,146 shares during the period. Clearbridge Investments LLC lifted its position in shares of Wix.com by 1.8% during the first quarter. Clearbridge Investments LLC now owns 1,164,136 shares of the information services provider’s stock worth $160,045,000 after acquiring an additional 20,342 shares in the last quarter. Norges Bank bought a new position in shares of Wix.com in the fourth quarter worth $34,554,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Wix.com by 328.5% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 180,000 shares of the information services provider’s stock valued at $22,144,000 after purchasing an additional 137,991 shares in the last quarter. Finally, Capital Fund Management S.A. raised its stake in shares of Wix.com by 1,378.7% during the 4th quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock valued at $19,739,000 after purchasing an additional 149,605 shares during the period. 81.52% of the stock is currently owned by institutional investors.

Wix.com Price Performance

Shares of WIX opened at $159.54 on Thursday. Wix.com Ltd. has a 1 year low of $76.90 and a 1 year high of $178.65. The stock has a 50 day simple moving average of $160.64 and a two-hundred day simple moving average of $149.98. The firm has a market cap of $8.75 billion, a P/E ratio of 139.95, a P/E/G ratio of 3.47 and a beta of 1.47.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. The company had revenue of $435.70 million during the quarter, compared to analysts’ expectations of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. On average, equities analysts anticipate that Wix.com Ltd. will post 2.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Bank of America raised their target price on Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Piper Sandler reaffirmed a “neutral” rating and set a $184.00 price objective on shares of Wix.com in a research note on Thursday, August 8th. Barclays increased their target price on shares of Wix.com from $184.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Cantor Fitzgerald initiated coverage on shares of Wix.com in a research report on Thursday, September 5th. They set an “overweight” rating and a $200.00 price target for the company. Finally, JMP Securities reiterated a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and a consensus price target of $189.19.

Wix.com 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.