Stock Traders Purchase Large Volume of Wix.Com Put Options (NASDAQ:WIX)

Wix.Com Ltd (NASDAQ:WIX) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 6,040 put options on the stock. This is an increase of 3,628% compared to the typical daily volume of 162 put options.

A number of analysts have weighed in on WIX shares. Zacks Investment Research raised shares of Wix.Com from a “strong sell” rating to a “hold” rating and set a $122.00 target price on the stock in a report on Saturday, July 20th. Deutsche Bank increased their target price on shares of Wix.Com from $135.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wedbush increased their target price on shares of Wix.Com from $152.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. BidaskClub raised shares of Wix.Com from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, SunTrust Banks reissued a “buy” rating and set a $168.00 target price on shares of Wix.Com in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Wix.Com currently has a consensus rating of “Buy” and an average price target of $138.39.

Shares of NASDAQ:WIX traded down $10.30 on Thursday, reaching $125.40. 37,894 shares of the company’s stock were exchanged, compared to its average volume of 402,405. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.02. Wix.Com has a fifty-two week low of $80.20 and a fifty-two week high of $155.75. The business’s 50-day moving average is $122.29 and its two-hundred day moving average is $136.01. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of -291.39 and a beta of 1.51.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Wix.Com by 3.9% in the 2nd quarter. BlackRock Inc. now owns 2,242,926 shares of the information services provider’s stock valued at $318,720,000 after buying an additional 84,294 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Wix.Com by 80.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,474,817 shares of the information services provider’s stock valued at $172,169,000 after buying an additional 659,367 shares in the last quarter. JPMorgan Chase & Co. grew its position in Wix.Com by 4.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 699,042 shares of the information services provider’s stock valued at $98,529,000 after buying an additional 29,308 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Wix.Com by 7.1% during the 2nd quarter. Janus Henderson Group PLC now owns 679,235 shares of the information services provider’s stock valued at $96,519,000 after purchasing an additional 44,927 shares in the last quarter. Finally, Soroban Capital Partners LP bought a new position in shares of Wix.Com during the 2nd quarter valued at about $79,923,000. 85.32% of the stock is currently owned by institutional investors and hedge funds.

Wix.Com Company Profile

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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