Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Boosted by Diversified Trust Co

Diversified Trust Co raised its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 30.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,894 shares of the information services provider’s stock after purchasing an additional 5,076 shares during the quarter. Diversified Trust Co’s holdings in Wix.com were worth $3,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Wix.com during the 4th quarter valued at $34,554,000. Clearbridge Investments LLC lifted its position in shares of Wix.com by 5.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,143,794 shares of the information services provider’s stock valued at $140,710,000 after acquiring an additional 57,090 shares during the last quarter. Crescent Park Management L.P. lifted its position in shares of Wix.com by 16.5% during the 4th quarter. Crescent Park Management L.P. now owns 106,886 shares of the information services provider’s stock valued at $13,149,000 after acquiring an additional 15,131 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in shares of Wix.com during the 4th quarter valued at $1,336,000. Finally, Capital Fund Management S.A. lifted its position in shares of Wix.com by 1,378.7% during the 4th quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock valued at $19,739,000 after acquiring an additional 149,605 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WIX shares. Raymond James started coverage on Wix.com in a research report on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price objective for the company. Morgan Stanley increased their target price on Wix.com from $143.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. B. Riley increased their target price on Wix.com from $154.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of Wix.com in a report on Monday, May 20th. Finally, Piper Sandler lowered Wix.com from an “overweight” rating to a “neutral” rating and increased their target price for the company from $165.00 to $184.00 in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.59.

Wix.com Stock Down 1.1 %

Shares of WIX stock opened at $157.32 on Tuesday. Wix.com Ltd. has a 12 month low of $75.09 and a 12 month high of $178.65. The company has a market cap of $8.99 billion, a PE ratio of 138.00, a price-to-earnings-growth ratio of 3.76 and a beta of 1.47. The business’s 50 day moving average is $149.21 and its two-hundred day moving average is $136.68.

Wix.com (NASDAQ:WIX) last announced its earnings results on Monday, May 20th. The information services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $419.78 million for the quarter, compared to the consensus estimate of $417.71 million. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. As a group, equities analysts expect that Wix.com Ltd. will post 1.91 EPS for the current fiscal year.

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.