Mizuho Markets Cayman LP Buys Shares of 53,448 Wix.com Ltd. $WIX

Mizuho Markets Cayman LP bought a new stake in Wix.com Ltd. (NASDAQ:WIX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 53,448 shares of the information services provider’s stock, valued at approximately $5,553,000.

A number of other large investors also recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its position in Wix.com by 100.0% in the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after buying an additional 77 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Wix.com by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider’s stock worth $172,000 after purchasing an additional 120 shares during the period. Farther Finance Advisors LLC increased its stake in Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after purchasing an additional 132 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Wix.com by 2.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,666 shares of the information services provider’s stock worth $693,000 after purchasing an additional 142 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in Wix.com by 18.7% during the fourth quarter. TD Private Client Wealth LLC now owns 940 shares of the information services provider’s stock worth $98,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analyst Ratings Changes

WIX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Wix.com from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Citizens Jmp lowered shares of Wix.com from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, April 7th. Raymond James Financial reiterated a “strong-buy” rating and set a $100.00 price target on shares of Wix.com in a research note on Wednesday, March 4th. Barclays cut their price target on shares of Wix.com from $155.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Robert W. Baird lowered shares of Wix.com from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $115.00 to $90.00 in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $100.90.

Wix.com Stock Down 3.7%

Shares of NASDAQ:WIX opened at $53.19 on Friday. The firm’s 50 day moving average price is $75.78 and its 200 day moving average price is $88.33. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -68.19, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. Wix.com Ltd. has a fifty-two week low of $51.60 and a fifty-two week high of $190.93.

Wix.com (NASDAQ:WIX) last issued its earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.53). The firm had revenue of $541.17 million during the quarter, compared to analyst estimates of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $1.69 EPS. On average, equities analysts anticipate that Wix.com Ltd. will post 1.52 EPS for the current year.

Wix.com declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 28th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information services provider to repurchase up to 40.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.