Alpine Partners VI LLC Takes Position in Wix.com Ltd. (WIX)
Alpine Partners VI LLC bought a new stake in Wix.com Ltd. (NASDAQ:WIX) during the second quarter, Holdings Channel reports. The fund bought 25,388 shares of the company’s stock, valued at approximately $771,000.
A number of other large investors have also bought and sold shares of the company. Laurion Capital Management LP acquired a new stake in Wix.com during the second quarter valued at $1,536,000. Lord Abbett & CO. LLC boosted its stake in Wix.com by 348.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,135,625 shares of the company’s stock valued at $34,467,000 after buying an additional 882,463 shares during the last quarter. FMR LLC boosted its stake in Wix.com by 1.4% in the second quarter. FMR LLC now owns 3,896,582 shares of the company’s stock valued at $118,261,000 after buying an additional 54,669 shares during the last quarter. United Services Automobile Association boosted its stake in Wix.com by 163.7% in the second quarter. United Services Automobile Association now owns 60,890 shares of the company’s stock valued at $1,848,000 after buying an additional 37,800 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in Wix.com by 2,590.0% in the second quarter. BlackRock Group LTD now owns 27,572 shares of the company’s stock valued at $836,000 after buying an additional 26,547 shares during the last quarter. Hedge funds and other institutional investors own 65.11% of the company’s stock.
Shares of Wix.com Ltd. (NASDAQ:WIX) opened at 43.84 on Thursday. The company has a 50 day moving average price of $42.37 and a 200-day moving average price of $31.38. Wix.com Ltd. has a 1-year low of $14.79 and a 1-year high of $49.49. The stock’s market capitalization is $1.80 billion.
Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, July 27th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The business earned $68.70 million during the quarter, compared to analyst estimates of $66.69 million. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The firm’s revenue was up 41.4% compared to the same quarter last year. On average, equities research analysts forecast that Wix.com Ltd. will post ($0.47) EPS for the current fiscal year.
Several research analysts have 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 lifted 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 report on Tuesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of Wix.com in a report on Thursday, June 9th. Finally, Oppenheimer Holdings Inc. boosted their target price on Wix.com from $37.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.09.
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.
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX).
Receive News & Ratings for Wix.com Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.