Wix.com Ltd. $WIX Shares Sold by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP trimmed its position in Wix.com Ltd. (NASDAQ:WIX) by 29.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,448 shares of the information services provider’s stock after selling 16,000 shares during the quarter. Mizuho Markets Cayman LP owned approximately 0.06% of Wix.com worth $3,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WIX. Farther Finance Advisors LLC boosted its holdings in Wix.com by 122.2% in 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. Geneos Wealth Management Inc. increased its stake in Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com during the fourth quarter worth $27,000. National Bank of Canada FI acquired a new stake in shares of Wix.com during the third quarter worth $54,000. Finally, Employees Retirement System of Texas lifted its position in shares of Wix.com by 129.9% in the 4th quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock worth $46,000 after buying an additional 252 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WIX. Oppenheimer decreased their price target on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Bank of America dropped their price objective on shares of Wix.com from $136.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Royal Bank Of Canada cut their target price on shares of Wix.com from $60.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company lowered their target price on Wix.com from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. Finally, Barclays dropped their price target on Wix.com from $155.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $94.10.

Wix.com Stock Down 4.8%

WIX stock opened at $48.66 on Thursday. Wix.com Ltd. has a fifty-two week low of $40.16 and a fifty-two week high of $190.93. The firm’s 50-day simple moving average is $49.88 and its 200 day simple moving average is $69.80. The stock has a market cap of $2.84 billion, a PE ratio of -62.38 and a beta of 0.93.

Wix.com (NASDAQ:WIX) last posted its 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 net margin of 1.97% and a negative return on equity of 33.28%. The firm had revenue of $541.17 million for the quarter, compared to analyst estimates of $544.04 million. During the same period in the previous year, the firm earned $1.69 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts forecast that Wix.com Ltd. will post -0.17 EPS for the current fiscal year.

About Wix.com

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.