Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Wix.com Ltd. (NASDAQ:WIX) by 448.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,646 shares of the information services provider’s stock after acquiring an additional 7,070 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Wix.com were worth $1,375,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WIX. CIBC Asset Management Inc grew its position in Wix.com by 2.9% in the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after acquiring an additional 136 shares during the period. Signaturefd LLC grew its holdings in shares of Wix.com by 4.7% during the 2nd quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock worth $520,000 after purchasing an additional 146 shares during the period. Northwest Bank & Trust Co acquired a new stake in shares of Wix.com during the 4th quarter worth about $26,000. DekaBank Deutsche Girozentrale raised its holdings in Wix.com by 8.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,893 shares of the information services provider’s stock valued at $395,000 after buying an additional 215 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Wix.com in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Up 0.3 %

NASDAQ WIX opened at $167.59 on Friday. Wix.com Ltd. has a 52 week low of $76.90 and a 52 week high of $178.65. The firm has a 50 day moving average of $161.68 and a two-hundred day moving average of $152.83. The stock has a market capitalization of $9.58 billion, a PE ratio of 147.01, a price-to-earnings-growth ratio of 3.55 and a beta of 1.48.

Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.32 by $0.35. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates 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 for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, equities research analysts expect that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research note on Wednesday, August 7th. JMP Securities restated a “market outperform” rating and set a $180.00 price target on shares of Wix.com in a research note on Thursday, July 25th. KeyCorp started coverage on Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating for the company. Benchmark increased their target price on Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Piper Sandler raised Wix.com from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $184.00 to $200.00 in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.06.

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.