Bank of New York Mellon Corp Sells 38,364 Shares of Wix.com Ltd. (WIX)
Bank of New York Mellon Corp cut its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 33.4% during the second quarter, Holdings Channel reports. The institutional investor owned 76,344 shares of the company’s stock after selling 38,364 shares during the period. Bank of New York Mellon Corp owned 0.19% of Wix.com worth $2,317,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new stake in Wix.com during the first quarter worth approximately $289,000. Granahan Investment Management Inc. MA acquired a new stake in Wix.com during the first quarter worth approximately $7,261,000. Menta Capital LLC raised its stake in Wix.com by 51.1% in the first quarter. Menta Capital LLC now owns 170,214 shares of the company’s stock worth $3,450,000 after buying an additional 57,565 shares in the last quarter. Geode Capital Management LLC raised its stake in Wix.com by 6.9% in the first quarter. Geode Capital Management LLC now owns 37,383 shares of the company’s stock worth $757,000 after buying an additional 2,428 shares in the last quarter. Finally, Spark Investment Management LLC raised its stake in Wix.com by 133.0% in the first quarter. Spark Investment Management LLC now owns 45,900 shares of the company’s stock worth $930,000 after buying an additional 26,200 shares in the last quarter. Hedge funds and other institutional investors own 65.11% of the company’s stock.
Shares of Wix.com Ltd. (NASDAQ:WIX) traded down 0.64% on Wednesday, hitting $43.70. The stock had a trading volume of 72,087 shares. Wix.com Ltd. has a 52 week low of $14.79 and a 52 week high of $49.49. The company has a 50-day moving average of $42.21 and a 200 day moving average of $31.29. The company’s market capitalization is $1.80 billion.
Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $68.70 million for the quarter, compared to analyst estimates of $66.69 million. During the same period last year, the company posted ($0.21) earnings per share. The firm’s quarterly revenue was up 41.4% compared to the same quarter last year. On average, equities research analysts predict that Wix.com Ltd. will post ($0.47) EPS for the current year.
A number of equities research analysts have recently commented on the company. Bank of America Corp. reaffirmed a “buy” rating and set a $33.00 price target on shares of Wix.com in a research report on Thursday, June 9th. JPMorgan Chase & Co. lowered Wix.com from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $46.00 to $50.00 in a research report on Wednesday, September 21st. Zacks Investment Research lowered Wix.com from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Wix.com in a research report on Thursday, June 9th. Finally, Oppenheimer Holdings Inc. raised their price target on Wix.com from $37.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.09.
Wix.com Company Profile
Wix is a leading global software platform for small businesses to operate online with millions of registered users in 190 countries. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix’s powerful technology empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online.
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