SG Americas Securities LLC Has $11.98 Million Holdings in Wix.com Ltd. (NASDAQ:WIX)

SG Americas Securities LLC grew its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,668 shares of the information services provider’s stock after acquiring an additional 4,836 shares during the quarter. SG Americas Securities LLC owned 0.13% of Wix.com worth $11,981,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after purchasing an additional 136 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Wix.com by 4.7% during the second quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock worth $520,000 after purchasing an additional 146 shares during the last quarter. Northwest Bank & Trust Co bought a new stake in shares of Wix.com during the fourth quarter worth about $26,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Wix.com by 8.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,893 shares of the information services provider’s stock worth $395,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WIX has been the topic of several research reports. Barclays reduced their price target on Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday. KeyCorp initiated coverage on Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating on the stock. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $190.00 target price on shares of Wix.com in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Price Performance

Shares of NASDAQ:WIX traded up $2.98 during trading on Friday, reaching $159.73. 194,106 shares of the stock were exchanged, compared to its average volume of 563,028. Wix.com Ltd. has a 1-year low of $76.90 and a 1-year high of $178.65. The stock has a fifty day moving average of $160.70 and a two-hundred day moving average of $151.91. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 140.11, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts forecast that Wix.com Ltd. will post 2.1 EPS for the current year.

About Wix.com

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.