TD Asset Management Inc Lowers Holdings in Wix.com Ltd. (NASDAQ:WIX)

TD Asset Management Inc reduced its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,258 shares of the information services provider’s stock after selling 146 shares during the period. TD Asset Management Inc’s holdings in Wix.com were worth $2,904,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Northwest Bank & Trust Co purchased a new stake in Wix.com during the fourth quarter valued at about $26,000. Fidelis Capital Partners LLC acquired a new position in shares of Wix.com in the 1st quarter valued at about $37,000. Principal Securities Inc. purchased a new stake in shares of Wix.com during the 4th quarter worth about $93,000. Industrial Alliance Investment Management Inc. increased its position in Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after purchasing an additional 488 shares in the last quarter. Finally, Optimist Retirement Group LLC purchased a new position in Wix.com in the fourth quarter valued at approximately $201,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. JMP Securities reaffirmed a “market outperform” rating and set a $180.00 price target on shares of Wix.com in a research report on Thursday, July 25th. Citigroup raised their price objective on Wix.com from $175.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Needham & Company LLC restated a “buy” rating and set a $190.00 price objective on shares of Wix.com in a research note on Wednesday, August 7th. Finally, KeyCorp started coverage on Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating for the company. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $189.19.

Wix.com Price Performance

NASDAQ WIX opened at $153.72 on Friday. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 134.81, a price-to-earnings-growth ratio of 3.46 and a beta of 1.47. Wix.com Ltd. has a 12 month low of $76.90 and a 12 month high of $178.65. The company’s fifty day moving average price is $160.62 and its two-hundred day moving average price is $149.33.

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, topping the consensus estimate of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The firm had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $442.88 million. During the same period last year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts anticipate that Wix.com Ltd. will post 2.01 EPS for the current 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.