Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Wix.com Ltd. (NASDAQ:WIX) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 371,394 shares of the information services provider’s stock after selling 51,880 shares during the period. Vanguard Group Inc. owned 0.65% of Wix.com worth $34,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WIX. DekaBank Deutsche Girozentrale boosted its stake in shares of Wix.com by 5.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider’s stock worth $226,000 after purchasing an additional 129 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Wix.com by 21.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 763 shares of the information services provider’s stock worth $56,000 after purchasing an additional 136 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Wix.com by 2.7% during the 2nd quarter. First Republic Investment Management Inc. now owns 6,310 shares of the information services provider’s stock worth $414,000 after purchasing an additional 167 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Wix.com by 0.8% during the 3rd quarter. Alliancebernstein L.P. now owns 34,442 shares of the information services provider’s stock worth $2,694,000 after purchasing an additional 260 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Wix.com by 9.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,308 shares of the information services provider’s stock worth $304,000 after purchasing an additional 274 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WIX shares. Raymond James assumed coverage on shares of Wix.com in a research note on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price target on the stock. StockNews.com cut shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Royal Bank of Canada raised their target price on shares of Wix.com from $135.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Piper Sandler raised their target price on shares of Wix.com from $146.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Barclays raised their target price on shares of Wix.com from $147.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.53.

Wix.com Trading Down 3.6 %

Shares of WIX stock opened at $131.23 on Thursday. Wix.com Ltd. has a twelve month low of $73.39 and a twelve month high of $146.21. The company has a market capitalization of $7.30 billion, a PE ratio of 238.60, a price-to-earnings-growth ratio of 4.64 and a beta of 1.33. The firm has a fifty day simple moving average of $135.19 and a 200-day simple moving average of $114.49.

Wix.com (NASDAQ:WIX) last announced its earnings results on Wednesday, February 21st. The information services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.24. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The company had revenue of $403.80 million during the quarter, compared to the consensus estimate of $416.87 million. During the same period last year, the firm earned ($0.42) earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Equities research analysts predict that Wix.com Ltd. will post 1.16 EPS for the current 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; Wix ADI that enables users to have the freedom of customization that the classic editor offers.