Wix.com Ltd. (NASDAQ:WIX) Position Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 27.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 785,649 shares of the information services provider’s stock after buying an additional 171,500 shares during the period. Renaissance Technologies LLC owned about 1.43% of Wix.com worth $124,973,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WIX. Wellington Management Group LLP boosted its holdings in Wix.com by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock worth $148,942,000 after purchasing an additional 117,146 shares during the period. Clearbridge Investments LLC raised its stake in Wix.com by 1.8% during the first quarter. Clearbridge Investments LLC now owns 1,164,136 shares of the information services provider’s stock worth $160,045,000 after acquiring an additional 20,342 shares during the period. Norges Bank bought a new position in Wix.com in the fourth quarter worth about $34,554,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Wix.com by 328.5% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 180,000 shares of the information services provider’s stock valued at $22,144,000 after acquiring an additional 137,991 shares during the period. Finally, Capital Fund Management S.A. grew its holdings in shares of Wix.com by 1,378.7% during the fourth quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock valued at $19,739,000 after purchasing an additional 149,605 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $190.00 price target on shares of Wix.com in a report on Wednesday, August 7th. Morgan Stanley boosted their price target on shares of Wix.com from $143.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on shares of Wix.com from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Bank of America boosted their target price on shares of Wix.com from $153.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Cantor Fitzgerald began coverage on shares of Wix.com in a research note on Thursday, September 5th. They issued an “overweight” rating and a $200.00 price target on the stock. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.19.

Wix.com Trading Up 2.0 %

NASDAQ:WIX opened at $156.74 on Monday. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 137.49, a price-to-earnings-growth ratio of 3.41 and a beta of 1.47. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $178.65. The company has a 50-day moving average of $160.62 and a 200-day moving average of $149.65.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The company had revenue of $435.70 million during the quarter, compared to analyst estimates of $442.88 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that Wix.com Ltd. will post 2.01 earnings per share for the current year.

About Wix.com

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.