Algert Global LLC Cuts Position in Wix.com Ltd. (NASDAQ:WIX)
Algert Global LLC cut its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 13,755 shares of the information services provider’s stock after selling 57 shares during the period. Algert Global LLC’s holdings in Wix.com were worth $957,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WIX. Westpac Banking Corp bought a new position in shares of Wix.com during the first quarter worth approximately $137,000. Eqis Capital Management Inc. bought a new position in shares of Wix.com during the second quarter worth approximately $207,000. First Mercantile Trust Co. bought a new position in shares of Wix.com during the first quarter worth approximately $220,000. Group One Trading L.P. bought a new position in shares of Wix.com during the first quarter worth approximately $228,000. Finally, Legal & General Group Plc raised its position in shares of Wix.com by 500.0% in the first quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock worth $245,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 77.92% of the company’s stock.
Wix.com Ltd. (NASDAQ:WIX) opened at 58.60 on Thursday. The firm’s 50 day moving average is $69.71 and its 200-day moving average is $68.84. Wix.com Ltd. has a 12 month low of $37.31 and a 12 month high of $86.15. The firm’s market cap is $2.66 billion.
Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.16. The firm had revenue of $103.50 million for the quarter, compared to the consensus estimate of $101.93 million. During the same quarter in the prior year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. On average, equities analysts forecast that Wix.com Ltd. will post $0.26 EPS for the current year.
A number of research analysts recently commented on WIX shares. Needham & Company LLC reiterated a “buy” rating and issued a $86.00 price target (up previously from $73.00) on shares of Wix.com in a research note on Thursday, May 11th. Bank of America Corporation upped their price target on shares of Wix.com from $70.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 12th. BidaskClub upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Barclays PLC restated a “buy” rating and set a $77.00 target price on shares of Wix.com in a research report on Wednesday, August 2nd. Finally, Stephens lowered shares of Wix.com from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $71.59.
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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.