The Wix.Com Ltd (WIX) Stake Decreased by Nationwide Fund Advisors

The Wix.Com Ltd (WIX) Stake Decreased by Nationwide Fund Advisors

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP boosted its stake in Wix.Com by 527.9% in the fourth quarter. Marshall Wace LLP now owns 469,942 shares of the information services provider’s stock worth $20,936,000 after buying an additional 395,099 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Wix.Com by 68.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,502 shares of the information services provider’s stock worth $290,000 after buying an additional 2,650 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its stake in Wix.Com by 2.1% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 99,000 shares of the information services provider’s stock worth $4,411,000 after buying an additional 2,000 shares during the last quarter. State Street Corp boosted its stake in Wix.Com by 9.2% in the fourth quarter. State Street Corp now owns 121,442 shares of the information services provider’s stock worth $5,407,000 after buying an additional 10,263 shares during the last quarter. Finally, Cavalier Investments LLC bought a new stake in Wix.Com during the fourth quarter worth $334,000. 76.19% of the stock is currently owned by hedge funds and other institutional investors.

Nationwide Fund Advisors decreased its position in Wix.Com Ltd (NASDAQ:WIX) by 5.3% during the first quarter, Holdings Channel reports. The fund owned 26,690 shares of the information services provider’s stock after selling 1,490 shares during the period. Nationwide Fund Advisors’ holdings in Wix.Com were worth $1,812,000 at the end of the most recent quarter.

Wix.Com Ltd (WIX) opened at 76.65 on Monday. The firm’s market cap is $3.43 billion. Wix.Com Ltd has a one year low of $26.31 and a one year high of $86.15. The stock’s 50 day moving average is $75.54 and its 200-day moving average is $61.27.

Wix.Com (NASDAQ:WIX) last released its earnings results on Wednesday, May 10th. The information services provider reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.14. The company had revenue of $92.50 million for the quarter, compared to the consensus estimate of $90.15 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The business’s revenue was up 50.2% compared to the same quarter last year. On average, equities research analysts expect that Wix.Com Ltd will post $0.36 earnings per share for the current fiscal year.

A number of research firms have weighed in on WIX. Stephens cut shares of Wix.Com from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 27th. CIBC boosted their target price on shares of Wix.Com from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 target price (up previously from $73.00) on shares of Wix.Com in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Wix.Com from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, Cantor Fitzgerald lowered shares of Wix.Com from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $65.00 to $80.00 in a report on Tuesday, April 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.85.

About Wix.Com Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WIX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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