Bank of New York Mellon Corp boosted its position in Wix.Com Ltd (NASDAQ:WIX) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,805 shares of the information services provider’s stock after buying an additional 6,024 shares during the period. Bank of New York Mellon Corp owned approximately 0.10% of Wix.Com worth $3,178,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Granite Investment Partners LLC boosted its position in shares of Wix.Com by 10.4% in the first quarter. Granite Investment Partners LLC now owns 288,556 shares of the information services provider’s stock valued at $19,593,000 after buying an additional 27,137 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Wix.Com by 1,492.3% in the first quarter. Wells Fargo & Company MN now owns 141,059 shares of the information services provider’s stock valued at $9,578,000 after buying an additional 132,200 shares during the last quarter. State Street Corp boosted its position in shares of Wix.Com by 9.2% in the fourth quarter. State Street Corp now owns 121,442 shares of the information services provider’s stock valued at $5,407,000 after buying an additional 10,263 shares during the last quarter. Columbus Circle Investors purchased a new position in shares of Wix.Com during the first quarter valued at about $6,828,000. Finally, Russell Investments Group Ltd. boosted its position in Wix.Com by 23.9% in the first quarter. Russell Investments Group Ltd. now owns 60,295 shares of the information services provider’s stock worth $4,094,000 after buying an additional 11,618 shares during the last quarter. Hedge funds and other institutional investors own 77.92% of the company’s stock.
Wix.Com Ltd (WIX) traded up 0.09% during trading on Tuesday, reaching $58.65. The company had a trading volume of 1,253,582 shares. Wix.Com Ltd has a 52 week low of $35.58 and a 52 week high of $86.15. The firm’s market capitalization is $2.66 billion. The company’s 50-day moving average is $71.54 and its 200 day moving average is $68.75.
Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.16. The business had revenue of $103.50 million during the quarter, compared to the consensus estimate of $101.93 million. The business’s revenue was up 50.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS. Equities analysts anticipate that Wix.Com Ltd will post $0.26 EPS for the current year.
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A number of research firms have recently weighed in on WIX. Zacks Investment Research cut Wix.Com from a “buy” rating to a “hold” rating in a research report on Friday. Barclays PLC reaffirmed a “buy” rating and set a $77.00 price objective on shares of Wix.Com in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Wix.Com in a research report on Friday, July 28th. KeyCorp began coverage on Wix.Com in a research note on Monday, July 24th. They set an “overweight” rating on the stock. Finally, BidaskClub downgraded Wix.Com from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $71.59.
Wix.Com Company Profile
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.
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