Mitsubishi UFJ Trust & Banking Corp Sells 30,539 Shares of Wix.com Ltd. $WIX

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Wix.com Ltd. (NASDAQ:WIX) by 56.1% in the third quarter, HoldingsChannel reports. The firm owned 23,883 shares of the information services provider’s stock after selling 30,539 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Wix.com were worth $4,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of Wix.com by 632.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after buying an additional 215 shares during the last quarter. Blue Trust Inc. lifted its holdings in Wix.com by 47.8% in the second quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 132 shares during the period. Penserra Capital Management LLC bought a new position in Wix.com in the second quarter valued at about $77,000. Tower Research Capital LLC TRC boosted its position in Wix.com by 508.6% in the second quarter. Tower Research Capital LLC TRC now owns 779 shares of the information services provider’s stock worth $123,000 after purchasing an additional 651 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Wix.com by 32.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 792 shares of the information services provider’s stock valued at $141,000 after purchasing an additional 195 shares during the period. 81.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WIX. Royal Bank Of Canada set a $70.00 price objective on shares of Wix.com in a research note on Wednesday, January 7th. Scotiabank reduced their target price on shares of Wix.com from $255.00 to $175.00 and set a “sector outperform” rating for the company in a report on Thursday, November 20th. Wells Fargo & Company decreased their price target on shares of Wix.com from $184.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, December 19th. Evercore ISI cut their price objective on shares of Wix.com from $250.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Finally, Citizens Jmp reduced their price objective on Wix.com from $185.00 to $125.00 and set a “market outperform” rating for the company in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.86.

Wix.com Price Performance

Shares of NASDAQ WIX opened at $89.97 on Friday. The firm has a fifty day moving average price of $96.81 and a 200-day moving average price of $127.34. The stock has a market cap of $5.05 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 2.89 and a beta of 1.42. Wix.com Ltd. has a 1 year low of $75.00 and a 1 year high of $246.78.

Wix.com declared that its board has authorized a share repurchase program on Wednesday, January 28th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information services provider to reacquire up to 40.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wix.com News Summary

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Board authorized a large $2.0 billion, two?year share repurchase program — a major capital return that signals management confidence and can reduce share count over time, supporting EPS and investor sentiment. Wix Announces Board Authorization of $2 Billion Share Repurchase Program
• Positive Sentiment: Company reported completion of a $200 million tranche of repurchases — the program is already being executed, which likely helped lift pre?market and intraday buying interest. Wix completes $200 million share buyback program
• Positive Sentiment: Marketing push: Wix unveiled the creative for its Super Bowl LX commercial tied to the launch of Wix Harmony (its new flagship web?creation platform) — high?visibility advertising can drive user growth and brand awareness. Wix Introduces a New Way to Create with its Super Bowl Teaser
• Neutral Sentiment: Market commentary: Analysts and market writers noted a strong intraday move (Zacks highlighted a 5.8% surge and upbeat earnings?estimate revisions) — signals positive momentum but not a change to fundamentals. Wix.com (WIX) Soars 5.8%: Is Further Upside Left in the Stock?
• Negative Sentiment: Caveats in the repurchase announcement: repurchases may be funded with cash, operating cash flow or new capital (including debt or equity), repurchases aren’t guaranteed or mandatory, and the filing reminds investors of Wix’s history of operating losses — these items add execution and financing risk. Wix Announces Board Authorization of $2 Billion Share Repurchase Program

Wix.com Company 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.