Wix.com Ltd. (NASDAQ:WIX) Shares Sold by New Jersey State Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in Wix.com Ltd. (NASDAQ:WIX – Free Report ) by 30.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC ). The institutional investor owned 20,705 shares of the information services provider’s stock after selling 9,173 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Wix.com were worth $3,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its stake in Wix.com by 416.5% in the first quarter. SG Americas Securities LLC now owns 80,455 shares of the information services provider’s stock valued at $11,061,000 after purchasing an additional 64,878 shares during the last quarter. Norges Bank acquired a new position in Wix.com during the fourth quarter valued at about $34,554,000. Clearbridge Investments LLC raised its position in Wix.com by 5.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,143,794 shares of the information services provider’s stock worth $140,710,000 after acquired an additional 57,090 shares in the last quarter. Crescent Park Management LP grew its position in Wix.com by 16.5% during the 4th quarter. Crescent Park Management LP now owns 106,886 shares of the information services provider’s stock worth $13,149,000 after acquired an additional 15,131 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Wix.com by 36.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock worth $4,318,000 after acquiring an additional 8,422 shares in the last quarter. 81.52% of shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

Several equities analysts recently commented on the company. KeyCorp assumed coverage on Wix.com in a research report on Thursday, July 25th. They have set a “sector weight” rating on the stock. Morgan Stanley upped their target price on Wix.com from $143.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Needham & Company LLC reissued a “buy” rating and set a $190.00 target price on shares of Wix.com in a research report on Wednesday, August 7th. Bank of America lifted their price objective on Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.19, based on data from MarketBeat.com.

See the latest stock report on WIX

Wix.com traffic up 2.3%

Shares of NASDAQ WIX opened at $160.15 on Wednesday. Wix.com Ltd. has a 12-month low of $76.90 and a 12-month high of $178.65. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 140.48, a price-to-earnings-growth ratio of 3.41 and a beta of 1.47. The company has a 50-day simple moving average of $160.71 and a 200-day simple moving average of $149.91.

Wix.com (NASDAQ:WIX – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The company’s quarterly revenue was up 11.7% year over year. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities analysts predict that Wix.com Ltd. will post 2.01 earnings per share for the current year.

Wix.com profile

(Free Report)

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 website development and editing environment platform; and Wix ADI which allows users to have the freedom of customization that the classic editor offers.

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