Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 98.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198 shares of the information services provider’s stock after purchasing an additional 98 shares during the period. Blue Trust Inc.’s holdings in Wix.com were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Wix.com by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 112,500 shares of the information services provider’s stock valued at $15,466,000 after buying an additional 796 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Wix.com in the first quarter valued at $214,000. Van ECK Associates Corp increased its holdings in Wix.com by 4.7% in the first quarter. Van ECK Associates Corp now owns 16,259 shares of the information services provider’s stock valued at $2,235,000 after buying an additional 728 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Wix.com in the first quarter valued at $37,000. Finally, Nordea Investment Management AB increased its holdings in Wix.com by 12.2% in the first quarter. Nordea Investment Management AB now owns 4,256 shares of the information services provider’s stock valued at $595,000 after buying an additional 464 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Down 1.9 %

Shares of NASDAQ WIX opened at $163.94 on Friday. Wix.com Ltd. has a 12-month low of $80.10 and a 12-month high of $179.00. The stock has a market cap of $8.99 billion, a PE ratio of 130.11, a P/E/G ratio of 3.56 and a beta of 1.47. The company has a 50-day moving average of $163.24 and a 200 day moving average of $156.42.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $442.88 million. During the same quarter in the prior year, the company earned $0.58 EPS. Wix.com’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that Wix.com Ltd. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WIX has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Wix.com in a report on Monday, October 7th. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Piper Sandler raised shares of Wix.com from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $184.00 to $200.00 in a research note on Monday, September 23rd. Benchmark boosted their target price on shares of Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.06.

Wix.com Company 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.