Temasek Holdings Private Ltd Increases Stock Position in Wix.com Ltd. $WIX

Temasek Holdings Private Ltd grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 82.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 756,866 shares of the information services provider’s stock after buying an additional 341,869 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Wix.com were worth $78,631,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WIX. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Wix.com during the 4th quarter worth $4,087,000. Intech Investment Management LLC purchased a new stake in Wix.com during the 3rd quarter worth $6,179,000. Dream Peak Capital Ltd purchased a new stake in Wix.com during the 4th quarter worth $1,500,000. Massachusetts Financial Services Co. MA boosted its position in Wix.com by 70.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 520,633 shares of the information services provider’s stock worth $54,089,000 after purchasing an additional 214,864 shares during the period. Finally, Lakehouse Capital Pty Ltd boosted its position in Wix.com by 43.1% during the 3rd quarter. Lakehouse Capital Pty Ltd now owns 108,480 shares of the information services provider’s stock worth $19,269,000 after purchasing an additional 32,686 shares during the period. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

NASDAQ:WIX opened at $45.59 on Tuesday. Wix.com Ltd. has a one year low of $42.66 and a one year high of $190.93. The business’s 50-day simple moving average is $64.08 and its 200 day simple moving average is $80.16. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -58.45 and a beta of 0.92.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.53). Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The business had revenue of $541.17 million during the quarter, compared to analyst estimates of $544.04 million. During the same quarter last year, the firm posted $1.69 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that Wix.com Ltd. will post -0.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Wix.com from $60.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 9th. Oppenheimer decreased their price target on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Citizens Jmp cut shares of Wix.com from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, April 7th. Robert W. Baird cut shares of Wix.com from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $115.00 to $90.00 in a research report on Monday, March 9th. Finally, Barclays decreased their price target on shares of Wix.com from $155.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $97.95.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.