Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Evoke Wealth LLC

Evoke Wealth LLC trimmed its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,320 shares of the information services provider’s stock after selling 64 shares during the period. Evoke Wealth LLC’s holdings in Wix.com were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WIX. Northwest Bank & Trust Co acquired a new stake in Wix.com in the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC acquired a new stake in shares of Wix.com in the first quarter valued at approximately $37,000. Industrial Alliance Investment Management Inc. increased its stake in shares of Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after purchasing an additional 488 shares in the last quarter. Optimist Retirement Group LLC acquired a new position in shares of Wix.com during the 4th quarter worth approximately $201,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in Wix.com in the 1st quarter valued at approximately $214,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

NASDAQ WIX opened at $160.64 on Friday. Wix.com Ltd. has a 1-year low of $76.90 and a 1-year high of $178.65. The firm has a market capitalization of $9.18 billion, a P/E ratio of 140.91, a P/E/G ratio of 3.47 and a beta of 1.47. The business’s 50-day simple moving average is $160.48 and its 200-day simple moving average is $150.30.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating 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 firm had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $442.88 million. During the same period in the previous year, the company posted $0.58 earnings per share. Wix.com’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Wix.com Ltd. will post 2.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WIX has been the subject of several recent research reports. Benchmark raised their price target on Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Bank of America boosted their target price on shares of Wix.com from $153.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. KeyCorp initiated coverage on shares of Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Finally, Barclays upped their price objective on shares of Wix.com from $184.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.