Marshall Wace LLP Makes New Investment in Wix.com Ltd. (NASDAQ:WIX)

Marshall Wace LLP bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the second quarter, Holdings Channel reports. The institutional investor bought 2,044 shares of the information services provider’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Optimist Retirement Group LLC bought a new stake in shares of Wix.com during the fourth quarter valued at approximately $201,000. Sierra Summit Advisors LLC bought a new stake in shares of Wix.com during the fourth quarter valued at approximately $238,000. Northwest Bank & Trust Co bought a new stake in shares of Wix.com during the fourth quarter valued at approximately $26,000. Wellington Management Group LLP raised its holdings in shares of Wix.com by 10.7% during the fourth quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock valued at $148,942,000 after buying an additional 117,146 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Wix.com by 65.6% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 86,300 shares of the information services provider’s stock valued at $10,617,000 after buying an additional 34,200 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp assumed coverage on Wix.com in a report on Thursday, July 25th. They set a “sector weight” rating on the stock. JMP Securities restated a “market outperform” rating and issued a $180.00 price target on shares of Wix.com in a research report on Thursday, July 25th. Barclays decreased their price target on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, UBS Group lifted 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. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.06.

Wix.com Stock Performance

Shares of WIX opened at $167.59 on Friday. The firm has a market capitalization of $9.19 billion, a P/E ratio of 133.01, a P/E/G ratio of 3.43 and a beta of 1.48. The company has a 50-day simple moving average of $161.29 and a 200-day simple moving average of $152.52. Wix.com Ltd. has a 52 week low of $76.90 and a 52 week high of $178.65.

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, topping the consensus estimate of $1.32 by $0.35. The firm had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. As a group, equities analysts forecast that Wix.com Ltd. will post 2.1 earnings per share for the current year.

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.