Toronto Dominion Bank Has $124,000 Position in Wix.com Ltd. (NASDAQ:WIX)

Toronto Dominion Bank increased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778 shares of the information services provider’s stock after buying an additional 124 shares during the period. Toronto Dominion Bank’s holdings in Wix.com were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Wix.com by 416.5% in the first quarter. SG Americas Securities LLC now owns 80,455 shares of the information services provider’s stock valued at $11,061,000 after acquiring an additional 64,878 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Wix.com by 36.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock worth $4,318,000 after purchasing an additional 8,422 shares during the period. iA Global Asset Management Inc. boosted its stake in shares of Wix.com by 176.5% in the 1st quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock valued at $2,246,000 after purchasing an additional 10,427 shares during the last quarter. Capital Fund Management S.A. increased 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 buying an additional 149,605 shares during the period. Finally, G2 Investment Partners Management LLC bought a new position in Wix.com during the fourth quarter worth $7,984,000. 81.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WIX has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Benchmark boosted their price objective on Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Monday, August 5th. KeyCorp began coverage on Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating on the stock. Finally, StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $157.49 on Wednesday. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 138.15, a PEG ratio of 3.58 and a beta of 1.47. Wix.com Ltd. has a fifty-two week low of $76.90 and a fifty-two week high of $178.65. The firm’s 50-day simple moving average is $160.85 and its 200 day simple moving average is $151.52.

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, beating the consensus estimate of $1.32 by $0.35. The company had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. Wix.com’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, sell-side analysts predict that Wix.com Ltd. will post 2.1 EPS for the current year.

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.