Wix.Com Ltd (NASDAQ:WIX)’s share price dropped 6.4% on Friday . The stock traded as low as $78.65 and last traded at $78.80. Approximately 672,832 shares were traded during trading, an increase of 2% from the average daily volume of 659,695 shares. The stock had previously closed at $84.15.
WIX has been the topic of several research analyst reports. BidaskClub raised Wix.Com from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. UBS raised Wix.Com from an “outperform” rating to a “strong-buy” rating in a report on Thursday, January 4th. Raymond James Financial raised Wix.Com from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a report on Thursday, January 4th. Zacks Investment Research raised Wix.Com from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $83.00 target price on shares of Wix.Com in a report on Sunday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $82.50.
The company has a market capitalization of $3,582.01, a price-to-earnings ratio of -63.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.86.
A number of hedge funds have recently modified their holdings of WIX. State Street Corp increased its stake in Wix.Com by 13.8% in the 2nd quarter. State Street Corp now owns 150,193 shares of the information services provider’s stock worth $10,453,000 after buying an additional 18,260 shares in the last quarter. New York State Common Retirement Fund increased its stake in Wix.Com by 52.6% in the 3rd quarter. New York State Common Retirement Fund now owns 27,721 shares of the information services provider’s stock worth $1,992,000 after buying an additional 9,557 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Wix.Com by 52.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,663 shares of the information services provider’s stock worth $1,054,000 after buying an additional 5,060 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Wix.Com in the 3rd quarter worth $417,000. Finally, Ameriprise Financial Inc. increased its stake in Wix.Com by 31.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 80,111 shares of the information services provider’s stock worth $5,756,000 after buying an additional 19,035 shares in the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.
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Wix.Com Company Profile
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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