Wix.com Ltd. $WIX Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its stake in Wix.com Ltd. (NASDAQ:WIX) by 39.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,906 shares of the information services provider’s stock after acquiring an additional 2,778 shares during the period. Fox Run Management L.L.C.’s holdings in Wix.com were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC bought a new stake in Wix.com in the second quarter valued at $228,000. Penserra Capital Management LLC acquired a new stake in shares of Wix.com in the 2nd quarter worth about $77,000. O Brien Greene & Co. Inc lifted its position in Wix.com by 359.9% in the 2nd quarter. O Brien Greene & Co. Inc now owns 6,006 shares of the information services provider’s stock valued at $952,000 after purchasing an additional 4,700 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its position in Wix.com by 4.9% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 14,040 shares of the information services provider’s stock valued at $2,225,000 after purchasing an additional 650 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Wix.com during the 2nd quarter valued at about $2,270,000. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $135.93 on Friday. Wix.com Ltd. has a 1 year low of $114.89 and a 1 year high of $247.11. The firm has a market cap of $7.63 billion, a P/E ratio of 48.37, a PEG ratio of 2.54 and a beta of 1.31. The stock has a fifty day moving average price of $152.00 and a two-hundred day moving average price of $152.34.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, August 6th. The information services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.49. The company had revenue of $489.93 million for the quarter, compared to the consensus estimate of $487.62 million. Wix.com had a negative return on equity of 136.43% and a net margin of 8.90%.The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. On average, research analysts predict that Wix.com Ltd. will post 3.65 earnings per share for the current fiscal year.

Wix.com announced that its Board of Directors has approved a stock repurchase program on Monday, August 11th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the information services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank set a $255.00 price target on shares of Wix.com and gave the company a “sector outperform” rating in a research note on Thursday, August 7th. Barclays set a $235.00 target price on Wix.com and gave the company an “overweight” rating in a research report on Thursday, August 7th. Cfra Research raised Wix.com from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 12th. Wall Street Zen cut Wix.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Wix.com in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $215.37.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.