Wix.com Ltd. (NASDAQ:WIX) Shares Acquired by Choreo LLC

Choreo LLC increased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 16.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,221 shares of the information services provider’s stock after buying an additional 719 shares during the quarter. Choreo LLC’s holdings in Wix.com were worth $821,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Bank & Trust Co bought a new position in shares of Wix.com in the fourth quarter worth $26,000. Fidelis Capital Partners LLC bought a new position in Wix.com in the 1st quarter valued at about $37,000. Principal Securities Inc. acquired a new position in Wix.com during the 4th quarter valued at about $93,000. Industrial Alliance Investment Management Inc. raised its position in shares of 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 buying an additional 488 shares in the last quarter. Finally, Optimist Retirement Group LLC acquired a new stake in shares of Wix.com in the 4th quarter worth approximately $201,000. Institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WIX has been the topic of a number of research analyst reports. B. Riley raised their price objective on shares of Wix.com from $154.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Monday, August 5th. UBS Group lifted their target price on Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Benchmark upped their price target on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Morgan Stanley lifted their price objective on shares of Wix.com from $143.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $189.19.

Wix.com Stock Performance

NASDAQ WIX opened at $156.74 on Friday. The firm’s 50 day moving average price is $160.62 and its two-hundred day moving average price is $149.51. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $178.65. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 137.49, a PEG ratio of 3.39 and a beta of 1.47.

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