Traders Buy High Volume of Wix.Com Put Options (WIX)

Wix.Com Ltd (NASDAQ:WIX) was the recipient of unusually large options trading on Tuesday. Investors bought 2,971 put options on the company. This represents an increase of approximately 1,349% compared to the average volume of 205 put options.

A number of equities analysts recently commented on WIX shares. BidaskClub upgraded Wix.Com from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. SunTrust Banks reiterated a “buy” rating and set a $140.00 price objective on shares of Wix.Com in a research report on Friday, January 11th. Citigroup started coverage on Wix.Com in a research report on Wednesday, December 19th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reduced their price objective on Wix.Com from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 14th. Finally, Royal Bank of Canada upgraded Wix.Com from a “sector perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Wednesday, November 21st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $106.13.

Shares of Wix.Com stock opened at $119.41 on Thursday. Wix.Com has a one year low of $67.65 and a one year high of $121.45. The company has a market cap of $5.21 billion, a P/E ratio of -119.41 and a beta of 1.71. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 2.49.

Wix.Com (NASDAQ:WIX) last posted its earnings results on Tuesday, November 13th. The information services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.49. Wix.Com had a negative return on equity of 38.70% and a negative net margin of 6.80%. The company had revenue of $155.60 million for the quarter, compared to the consensus estimate of $152.78 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 40.2% on a year-over-year basis. On average, research analysts predict that Wix.Com will post -0.49 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in Wix.Com by 377.0% in the fourth quarter. Geode Capital Management LLC now owns 176,387 shares of the information services provider’s stock valued at $15,906,000 after purchasing an additional 139,411 shares during the period. Stifel Financial Corp raised its position in Wix.Com by 9.1% in the fourth quarter. Stifel Financial Corp now owns 4,926 shares of the information services provider’s stock valued at $445,000 after purchasing an additional 412 shares during the period. Granite Investment Partners LLC purchased a new stake in Wix.Com in the fourth quarter valued at $953,000. Gideon Capital Advisors Inc. purchased a new stake in Wix.Com in the fourth quarter valued at $262,000. Finally, Covey Capital Advisors LLC purchased a new stake in Wix.Com in the fourth quarter valued at $578,000. Institutional investors own 85.85% of the company’s stock.

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Wix.Com Company Profile

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

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