North Peak Capital Management LLC Cuts Position in Wix.Com Ltd (NASDAQ:WIX)

North Peak Capital Management LLC lowered its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 68.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,317 shares of the information services provider’s stock after selling 95,027 shares during the period. Wix.Com makes up about 3.5% of North Peak Capital Management LLC’s holdings, making the stock its 10th biggest position. North Peak Capital Management LLC’s holdings in Wix.Com were worth $6,297,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Wix.Com by 377.0% during the 4th quarter. Geode Capital Management LLC now owns 176,387 shares of the information services provider’s stock worth $15,906,000 after purchasing an additional 139,411 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Wix.Com in the first quarter valued at approximately $242,000. Nissay Asset Management Corp Japan ADV grew its stake in Wix.Com by 4.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 3,860 shares of the information services provider’s stock valued at $466,000 after acquiring an additional 149 shares during the period. American International Group Inc. bought a new stake in shares of Wix.Com during the first quarter valued at approximately $582,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Wix.Com by 19.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,563 shares of the information services provider’s stock valued at $2,243,000 after acquiring an additional 3,049 shares in the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

WIX has been the topic of a number of recent research reports. BidaskClub cut Wix.Com from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Wedbush boosted their price target on shares of Wix.Com from $152.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Deutsche Bank boosted their price target on shares of Wix.Com from $135.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Rosenblatt Securities set a $93.00 price objective on shares of Wix.Com and gave the stock a “sell” rating in a report on Wednesday, August 21st. Finally, SunTrust Banks raised their price objective on shares of Wix.Com to $168.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Wix.Com has a consensus rating of “Buy” and an average target price of $136.39.

Wix.Com stock traded down $0.96 during trading on Wednesday, hitting $128.92. 30,365 shares of the company were exchanged, compared to its average volume of 378,386. The company has a market capitalization of $6.72 billion, a P/E ratio of -292.66 and a beta of 1.55. The business’s 50 day moving average is $144.18 and its 200 day moving average is $134.08. Wix.Com Ltd has a 52 week low of $80.20 and a 52 week high of $155.75. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.02.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.17. The business had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $183.92 million. Wix.Com had a negative return on equity of 21.60% and a negative net margin of 8.70%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Equities analysts expect that Wix.Com Ltd will post -1.22 EPS for the current year.

About Wix.Com

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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Institutional Ownership by Quarter for Wix.Com (NASDAQ:WIX)

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