Bamco Inc. NY grew its holdings in Wix.com (NASDAQ:WIX) by 9.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,818,087 shares of the information services provider’s stock after buying an additional 162,202 shares during the period. Bamco Inc. NY owned 3.88% of Wix.com worth $144,629,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp acquired a new stake in shares of Wix.com in the first quarter valued at about $222,000. Comerica Bank purchased a new position in Wix.com during the first quarter worth about $277,000. ARK Investment Management LLC purchased a new position in Wix.com during the fourth quarter worth about $215,000. Parametrica Management Ltd purchased a new position in Wix.com during the fourth quarter worth about $246,000. Finally, Koch Industries Inc. purchased a new position in Wix.com during the fourth quarter worth about $343,000. Institutional investors and hedge funds own 79.68% of the company’s stock.
NASDAQ WIX opened at $87.95 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. Wix.com has a one year low of $81.65 and a one year high of $85.05. The company has a market capitalization of $3.85 billion, a PE ratio of -87.95 and a beta of 1.73.
Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, May 9th. The information services provider reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.36. Wix.com had a negative net margin of 11.72% and a negative return on equity of 376.10%. The business had revenue of $137.80 million during the quarter, compared to analyst estimates of $135.74 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. equities research analysts anticipate that Wix.com will post -0.62 earnings per share for the current year.
Several brokerages have weighed in on WIX. Wedbush increased their target price on shares of Wix.com from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. BidaskClub raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research lowered shares of Wix.com from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Barclays reaffirmed an “overweight” rating and set a $80.00 target price on shares of Wix.com in a research note on Thursday, February 15th. Finally, Raymond James lowered shares of Wix.com from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, May 10th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $86.23.
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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