Swedbank AB Sells 74,600 Shares of Wix.com Ltd. $WIX

Swedbank AB trimmed its stake in Wix.com Ltd. (NASDAQ:WIX) by 93.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,624 shares of the information services provider’s stock after selling 74,600 shares during the period. Swedbank AB’s holdings in Wix.com were worth $584,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Mizuho Markets Cayman LP bought a new stake in shares of Wix.com in the 4th quarter valued at approximately $5,553,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Wix.com in the 4th quarter valued at approximately $150,622,000. Global Retirement Partners LLC lifted its stake in shares of Wix.com by 77.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,441 shares of the information services provider’s stock valued at $150,000 after purchasing an additional 629 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Wix.com in the 4th quarter valued at approximately $456,000. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Wix.com by 464.8% in the 4th quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 409 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Performance

Shares of WIX stock opened at $53.46 on Thursday. Wix.com Ltd. has a 52-week low of $51.60 and a 52-week high of $190.93. The firm has a market capitalization of $3.12 billion, a P/E ratio of -68.54, a P/E/G ratio of 2.30 and a beta of 1.01. The stock has a 50 day moving average price of $73.76 and a 200 day moving average price of $86.16.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The business had revenue of $541.17 million for the quarter, compared to the consensus estimate of $544.04 million. During the same period in the prior year, the business posted $1.69 earnings per share. Wix.com’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that Wix.com Ltd. will post 1.52 EPS for the current year.

Wix.com announced that its Board of Directors has initiated a share buyback program on Wednesday, January 28th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information services provider to repurchase up to 40.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

WIX has been the subject of several analyst reports. Citigroup lowered Wix.com from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $66.00 in a research note on Thursday, May 14th. Cantor Fitzgerald lowered their price objective on Wix.com from $110.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Zacks Research raised Wix.com from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Wells Fargo & Company lowered Wix.com from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $137.00 to $54.00 in a research note on Thursday, May 14th. Finally, Needham & Company LLC lowered their price objective on Wix.com from $115.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.90.

Wix.com News Summary

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

• Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, Glancy Prongay Wolke & Rotter, and others, announced investigations into Wix.com over possible securities-law violations tied to its recent disclosures and stock drop. These probes increase headline risk and could signal potential class-action litigation. Bragar Eagel & Squire investigation
• Negative Sentiment: BFA Law said it is investigating whether Wix misled investors about AI-demand issues, AI competition, and its ability to sustain growth through new products. That allegation directly targets the company’s growth narrative, which is especially important for a software stock. BFA Law investigation
• Negative Sentiment: News reports say Wix’s stock fell sharply after the company announced a large reduction in force of about 1,000 employees, reinforcing concerns that management is responding to weakening demand and margin pressure. Layoff report
• Negative Sentiment: Wix’s latest quarterly results missed earnings expectations, and revenue came in slightly below estimates, which appears to have been the catalyst for the recent selloff and the ensuing investigations. Quarterly results investigation article

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.