Legal & General Group Plc grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,700 shares of the information services provider’s stock after acquiring an additional 100 shares during the quarter. Legal & General Group Plc’s holdings in Wix.com were worth $258,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of WIX. Menora Mivtachim Holdings LTD. acquired a new position in shares of Wix.com during the 2nd quarter valued at about $29,714,000. EMS Capital LP acquired a new position in shares of Wix.com during the 1st quarter valued at about $18,333,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Wix.com during the 1st quarter valued at about $11,525,000. Ameriprise Financial Inc. acquired a new position in shares of Wix.com during the 1st quarter valued at about $5,404,000. Finally, Exane Derivatives acquired a new position in shares of Wix.com during the 2nd quarter valued at about $4,447,000. 69.96% of the stock is owned by institutional investors.
Wix.com Ltd. (NASDAQ WIX) opened at 68.45 on Wednesday. Wix.com Ltd. has a 12-month low of $38.65 and a 12-month high of $86.15. The stock’s market cap is $3.11 billion. The firm has a 50-day moving average price of $66.92 and a 200-day moving average price of $70.41.
Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.16). The company had revenue of $103.50 million during the quarter, compared to analyst estimates of $101.93 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The business’s quarterly revenue was up 50.7% compared to the same quarter last year. Analysts forecast that Wix.com Ltd. will post $0.23 EPS for the current fiscal year.
A number of research firms have recently commented on WIX. Zacks Investment Research raised shares of Wix.com from a “sell” rating to a “hold” rating and set a $82.00 price objective for the company in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. KeyCorp assumed coverage on shares of Wix.com in a research report on Monday, July 24th. They set an “overweight” rating for the company. Wedbush assumed coverage on shares of Wix.com in a research report on Thursday, June 22nd. They set an “outperform” rating and a $86.00 target price for the company. Finally, Northland Securities reissued a “buy” rating and set a $75.00 target price on shares of Wix.com in a research report on Thursday, September 21st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $74.87.
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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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