Temasek Holdings Private Ltd Increases Stock Position in Wix.com Ltd. $WIX

Temasek Holdings Private Ltd grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 82.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 756,866 shares of the information services provider’s stock after acquiring an additional 341,869 shares during the period. Temasek Holdings Private Ltd owned about 1.35% of Wix.com worth $78,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 132 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com during the 4th quarter valued at approximately $27,000. National Bank of Canada FI acquired a new stake in shares of Wix.com during the 3rd quarter valued at approximately $54,000. Finally, MAI Capital Management lifted its position in shares of Wix.com by 109.1% during the 3rd quarter. MAI Capital Management now owns 366 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 191 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WIX has been the subject of a number of research reports. Citizens Jmp downgraded shares of Wix.com from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, April 7th. Weiss Ratings cut shares of Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Benchmark reissued a “buy” rating on shares of Wix.com in a research note on Tuesday, June 9th. Cantor Fitzgerald dropped their price objective on shares of Wix.com from $110.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Oppenheimer dropped their price objective on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and an average price target of $97.95.

Wix.com Stock Performance

WIX stock opened at $45.59 on Tuesday. The stock has a market capitalization of $2.66 billion, a P/E ratio of -58.45 and a beta of 0.92. Wix.com Ltd. has a one year low of $42.66 and a one year high of $190.93. The company has a 50 day moving average price of $64.08 and a two-hundred day moving average price of $80.16.

Wix.com (NASDAQ:WIX) last released its earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.53). The firm had revenue of $541.17 million during the quarter, compared to analysts’ expectations of $544.04 million. Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. Research analysts forecast that Wix.com Ltd. will post -0.27 earnings per share for the current fiscal year.

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.