Wix.com Ltd. $WIX Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in Wix.com Ltd. (NASDAQ:WIX) by 7.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,923 shares of the information services provider’s stock after selling 3,982 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Wix.com worth $8,069,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of WIX. Wealth Enhancement Advisory Services LLC grew its holdings in Wix.com by 8.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,468 shares of the information services provider’s stock valued at $530,000 after buying an additional 193 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Wix.com by 676.1% during the 1st quarter. Versant Capital Management Inc now owns 714 shares of the information services provider’s stock worth $117,000 after purchasing an additional 622 shares during the period. GAMMA Investing LLC lifted its stake in shares of Wix.com by 12,771.4% during the 1st quarter. GAMMA Investing LLC now owns 69,763 shares of the information services provider’s stock worth $11,398,000 after purchasing an additional 69,221 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Wix.com by 16.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,339 shares of the information services provider’s stock worth $1,036,000 after purchasing an additional 904 shares during the period. Finally, Procyon Advisors LLC lifted its stake in shares of Wix.com by 5.1% during the 1st quarter. Procyon Advisors LLC now owns 1,385 shares of the information services provider’s stock worth $226,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Up 2.2%

Shares of NASDAQ WIX opened at $177.42 on Friday. Wix.com Ltd. has a 12-month low of $114.89 and a 12-month high of $247.11. The company has a market cap of $9.96 billion, a P/E ratio of 63.14, a P/E/G ratio of 3.41 and a beta of 1.30. The stock has a fifty day moving average price of $147.47 and a 200 day moving average price of $156.73.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Wednesday, August 6th. The information services provider reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.49. The firm had revenue of $489.93 million during the quarter, compared to the consensus estimate of $487.62 million. Wix.com had a negative return on equity of 136.43% and a net margin of 8.90%.The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. On average, sell-side analysts forecast that Wix.com Ltd. will post 3.65 EPS for the current fiscal year.

Wix.com announced that its Board of Directors has authorized a stock repurchase plan on Monday, August 11th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WIX. Needham & Company LLC reduced their price target on Wix.com from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Wells Fargo & Company raised Wix.com from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $173.00 to $216.00 in a research note on Monday, June 16th. JMP Securities increased their price target on Wix.com from $200.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 23rd. Piper Sandler increased their target price on Wix.com from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Cfra Research raised Wix.com from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $215.37.

Wix.com Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.