Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in Wix.com Ltd. (NASDAQ:WIX) by 26.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,571 shares of the information services provider’s stock after selling 6,227 shares during the period. Rhumbline Advisers’ holdings in Wix.com were worth $2,795,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in WIX. Norges Bank purchased a new position in shares of Wix.com in the fourth quarter valued at approximately $34,554,000. Capital Fund Management S.A. boosted its position in Wix.com by 1,378.7% in 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 buying an additional 149,605 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake 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 worth $22,144,000 after acquiring an additional 137,991 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Wix.com by 10.7% during the fourth quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock worth $148,942,000 after acquiring an additional 117,146 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Wix.com by 2,110.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 69,595 shares of the information services provider’s stock valued at $9,568,000 after acquiring an additional 66,447 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Down 0.4 %

NASDAQ:WIX opened at $159.54 on Thursday. Wix.com Ltd. has a 52-week low of $76.90 and a 52-week high of $178.65. The stock’s 50 day moving average price is $160.64 and its 200 day moving average price is $149.98. The company has a market capitalization of $8.75 billion, a PE 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 earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The business had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. During the same period last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wix.com Ltd. will post 2.01 EPS for the current fiscal year.

Analysts Set New Price Targets

WIX has been the subject of several analyst reports. Benchmark boosted their target price on Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. KeyCorp began coverage on Wix.com in a research report on Thursday, July 25th. They set a “sector weight” rating for the company. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Needham & Company LLC reiterated a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Wix.com from $148.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and an average target price 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.