BNP PARIBAS ASSET MANAGEMENT Holding S.A. Invests $3.10 Million in Wix.com Ltd. (NASDAQ:WIX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Wix.com Ltd. (NASDAQ:WIX) in the 2nd quarter, Holdings Channel.com reports. The fund bought 19,487 shares of the information services provider’s stock, valued at approximately $3,100,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Bank & Trust Co acquired a new position in shares of Wix.com in the fourth quarter valued at approximately $26,000. Fidelis Capital Partners LLC acquired a new position in shares of Wix.com in the first quarter worth $37,000. Principal Securities Inc. purchased a new stake in shares of Wix.com during the fourth quarter worth $93,000. Industrial Alliance Investment Management Inc. raised its stake in shares of Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after acquiring 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 $201,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

WIX opened at $166.62 on Monday. The stock has a market capitalization of $9.13 billion, a P/E ratio of 146.16, a price-to-earnings-growth ratio of 3.70 and a beta of 1.47. Wix.com Ltd. has a one year low of $76.90 and a one year high of $178.65. The business’s 50-day simple moving average is $160.65 and its 200-day simple moving average is $147.91.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. The company 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%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, equities research analysts forecast that Wix.com Ltd. will post 2.01 EPS for the current fiscal year.

Analyst Ratings Changes

WIX has been the topic of several recent research reports. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $190.00 target price on shares of Wix.com in a report on Wednesday, August 7th. Jefferies Financial Group lifted their price target on shares of Wix.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. UBS Group increased their price objective on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Wix.com from $160.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and an average price target of $188.47.

Wix.com 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.