Wix.com Ltd. (NASDAQ:WIX) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in Wix.com Ltd. (NASDAQ:WIX) by 30.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,705 shares of the information services provider’s stock after selling 9,173 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Wix.com were worth $3,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Wix.com by 416.5% in the 1st quarter. SG Americas Securities LLC now owns 80,455 shares of the information services provider’s stock valued at $11,061,000 after purchasing an additional 64,878 shares in the last quarter. Norges Bank acquired a new position in Wix.com during the 4th quarter worth approximately $34,554,000. Clearbridge Investments LLC lifted its position in 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 worth $140,710,000 after acquiring an additional 57,090 shares in the last quarter. Crescent Park Management L.P. lifted its position in 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 worth $13,149,000 after acquiring an additional 15,131 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Wix.com by 36.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock worth $4,318,000 after acquiring an additional 8,422 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. KeyCorp assumed coverage on Wix.com in a research report on Thursday, July 25th. They set a “sector weight” rating on the stock. Morgan Stanley boosted their price target on Wix.com from $143.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Needham & Company LLC reissued a “buy” rating and set a $190.00 price target on shares of Wix.com in a research report on Wednesday, August 7th. Bank of America lifted their price objective on Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Four equities research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.19.

Wix.com Trading Up 2.3 %

Shares of NASDAQ WIX opened at $160.15 on Wednesday. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $178.65. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 140.48, a price-to-earnings-growth ratio of 3.41 and a beta of 1.47. The business has a 50 day simple moving average of $160.71 and a 200-day simple moving average of $149.91.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results 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 business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities analysts predict that Wix.com Ltd. will post 2.01 earnings per share for the current year.

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.