Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC increased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 123.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,749 shares of the information services provider’s stock after acquiring an additional 2,073 shares during the quarter. MBB Public Markets I LLC’s holdings in Wix.com were worth $596,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dorsal Capital Management LP boosted its holdings in shares of Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after purchasing an additional 250,000 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of 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 valued at $148,942,000 after purchasing an additional 117,146 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Wix.com by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,164,136 shares of the information services provider’s stock valued at $160,045,000 after purchasing an additional 20,342 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Wix.com by 27.9% in the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock valued at $124,973,000 after purchasing an additional 171,500 shares during the last quarter. Finally, Eminence Capital LP boosted its holdings in shares of Wix.com by 7.3% in the 2nd quarter. Eminence Capital LP now owns 244,424 shares of the information services provider’s stock valued at $38,881,000 after purchasing an additional 16,529 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WIX shares. UBS Group lifted their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $190.00 target price on shares of Wix.com in a research note on Wednesday, August 7th. Barclays cut their target price on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday. Benchmark raised their target price on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Wix.com Stock Performance

WIX opened at $157.49 on Wednesday. The company has a 50-day moving average of $160.85 and a 200-day moving average of $151.52. The company has a market capitalization of $9.00 billion, a P/E ratio of 138.15, a PEG ratio of 3.58 and a beta of 1.47. Wix.com Ltd. has a 1-year low of $76.90 and a 1-year high of $178.65.

Wix.com (NASDAQ:WIX) last released its earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.35. The company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS. As a group, sell-side analysts expect that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal 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.