XTX Topco Ltd Reduces Position in Wix.com Ltd. (NASDAQ:WIX)

XTX Topco Ltd lowered its stake in Wix.com Ltd. (NASDAQ:WIX) by 56.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,985 shares of the information services provider’s stock after selling 2,571 shares during the period. XTX Topco Ltd’s holdings in Wix.com were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WIX. SG Americas Securities LLC raised its stake in 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 worth $11,061,000 after acquiring an additional 64,878 shares during the last quarter. Norges Bank acquired a new position in shares of Wix.com in the fourth quarter valued at about $34,554,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Wix.com by 36.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock worth $4,318,000 after purchasing an additional 8,422 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in shares of Wix.com during the fourth quarter worth about $1,336,000. Finally, iA Global Asset Management Inc. boosted its position in Wix.com by 176.5% in the first quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock valued at $2,246,000 after buying an additional 10,427 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $171.74 on Friday. The firm has a fifty day moving average of $160.72 and a 200 day moving average of $150.98. The firm has a market cap of $9.82 billion, a PE ratio of 150.65, a PEG ratio of 3.50 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.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.35. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The firm had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts predict that Wix.com Ltd. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on WIX shares. UBS Group raised their price target on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. Barclays increased their price target on Wix.com from $184.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Benchmark boosted their price objective on Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $180.00 target price on shares of Wix.com in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.19.

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.