WEX Inc. $WEX Shares Acquired by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. lifted its position in shares of WEX Inc. (NYSE:WEX) by 205.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,600 shares of the business services provider’s stock after buying an additional 24,600 shares during the quarter. Lightrock Netherlands B.V. owned approximately 0.11% of WEX worth $5,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WEX. Hsbc Holdings PLC raised its stake in shares of WEX by 20,412.8% during the 1st quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider’s stock worth $99,069,000 after buying an additional 635,450 shares during the last quarter. Millennium Management LLC raised its stake in shares of WEX by 652.7% during the 1st quarter. Millennium Management LLC now owns 412,665 shares of the business services provider’s stock worth $64,797,000 after buying an additional 357,842 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after buying an additional 215,036 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of WEX by 79.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 381,767 shares of the business services provider’s stock worth $59,945,000 after buying an additional 169,137 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of WEX by 399.9% during the 1st quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock worth $33,085,000 after buying an additional 168,558 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Trading Down 1.3%

NYSE WEX opened at $158.88 on Wednesday. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $191.43. The company has a 50-day moving average of $163.25 and a 200-day moving average of $151.55. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $5.44 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.40 and a beta of 1.26.

Insider Transactions at WEX

In other news, insider Ann Elena Drew sold 1,931 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $171.69, for a total transaction of $331,533.39. Following the completion of the sale, the insider owned 7,295 shares in the company, valued at approximately $1,252,478.55. The trade was a 20.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Carlos Carriedo sold 875 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $171.68, for a total value of $150,220.00. Following the sale, the chief operating officer owned 5,270 shares of the company’s stock, valued at $904,753.60. The trade was a 14.24% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WEX shares. Zacks Research downgraded shares of WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. William Blair reissued a “market perform” rating on shares of WEX in a research note on Friday, July 25th. Morgan Stanley boosted their target price on shares of WEX from $142.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Robert W. Baird boosted their target price on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, WEX has a consensus rating of “Hold” and an average target price of $173.91.

WEX Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.