Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by Hound Partners LLC

Hound Partners LLC increased its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 7.3% in the 1st quarter, Holdings Channel reports. The firm owned 285,142 shares of the information services provider’s stock after purchasing an additional 19,468 shares during the period. Wix.com accounts for 3.8% of Hound Partners LLC’s investment portfolio, making the stock its 9th largest holding. Hound Partners LLC’s holdings in Wix.com were worth $79,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GWM Advisors LLC raised its holdings in Wix.com by 55.5% in the 1st quarter. GWM Advisors LLC now owns 3,850 shares of the information services provider’s stock valued at $1,075,000 after acquiring an additional 1,374 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Wix.com by 27.4% in the 1st quarter. Nuveen Asset Management LLC now owns 142,543 shares of the information services provider’s stock valued at $39,800,000 after acquiring an additional 30,632 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Wix.com by 13.0% in the 1st quarter. CIBC Asset Management Inc now owns 4,975 shares of the information services provider’s stock valued at $1,389,000 after acquiring an additional 572 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Wix.com by 11.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 10,140 shares of the information services provider’s stock valued at $2,831,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Castleark Management LLC raised its holdings in Wix.com by 30.9% in the 4th quarter. Castleark Management LLC now owns 9,250 shares of the information services provider’s stock valued at $2,312,000 after acquiring an additional 2,185 shares during the last quarter. Hedge funds and other institutional investors own 85.64% of the company’s stock.

Several analysts have recently weighed in on WIX shares. Zacks Investment Research raised shares of Wix.com from a “sell” rating to a “hold” rating and set a $310.00 price target for the company in a research note on Tuesday, April 20th. Rosenblatt Securities dropped their price target on shares of Wix.com from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, May 13th. Atlantic Securities started coverage on shares of Wix.com in a research note on Tuesday, June 8th. They issued an “overweight” rating and a $300.00 price target for the company. Morgan Stanley started coverage on shares of Wix.com in a research note on Monday. They issued an “overweight” rating and a $339.00 price target for the company. Finally, TheStreet cut shares of Wix.com from a “c-” rating to a “d+” rating in a research note on Friday, May 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Wix.com currently has a consensus rating of “Buy” and a consensus target price of $323.18.

WIX stock traded up $4.71 during midday trading on Thursday, hitting $302.03. The company’s stock had a trading volume of 10,548 shares, compared to its average volume of 624,150. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 4.30. Wix.com Ltd. has a 52-week low of $213.12 and a 52-week high of $362.07. The company has a market cap of $16.92 billion, a price-to-earnings ratio of -56.16 and a beta of 1.40. The firm has a 50-day moving average of $274.46.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, May 12th. The information services provider reported ($0.54) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.54) by $1.00. Wix.com had a negative net margin of 27.78% and a negative return on equity of 87.95%. The company had revenue of $304.10 million during the quarter, compared to analysts’ expectations of $295.05 million. During the same quarter last year, the company posted ($0.01) EPS. The firm’s revenue was up 40.8% compared to the same quarter last year. On average, research analysts expect that Wix.com Ltd. will post -4.13 earnings per share for the current year.

About Wix.com

Wix.com Ltd, together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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