Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Lifted by US Bancorp DE

US Bancorp DE lifted its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,848 shares of the information services provider’s stock after acquiring an additional 220 shares during the quarter. US Bancorp DE’s holdings in Wix.com were worth $1,813,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. CWM LLC raised its holdings in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares during the period. Toronto Dominion Bank lifted its position in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Wix.com by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after purchasing an additional 136 shares during the period. Finally, Signaturefd LLC grew its position in 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 in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Up 0.7 %

NASDAQ:WIX opened at $166.88 on Thursday. The firm has a market capitalization of $9.15 billion, a PE ratio of 132.45, a PEG ratio of 3.48 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $85.38 and a 1 year high of $179.00. The firm’s fifty day simple moving average is $163.23 and its 200 day simple moving average is $157.33.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $442.88 million. During the same period last year, the business posted $0.58 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that Wix.com Ltd. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Benchmark lifted their price target on Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research report on Wednesday, August 7th. Piper Sandler upgraded shares of Wix.com from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. Barclays decreased their target price on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Finally, UBS Group lifted their price objective on Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Three research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.06.

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.