D.A. Davidson & CO. Sells 1,513 Shares of Wix.Com Ltd (WIX)

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D.A. Davidson & CO. decreased its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 39.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,343 shares of the information services provider’s stock after selling 1,513 shares during the quarter. D.A. Davidson & CO.’s holdings in Wix.Com were worth $212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its stake in shares of Wix.Com by 21.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 618 shares of the information services provider’s stock worth $55,000 after buying an additional 111 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Wix.Com by 90.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the information services provider’s stock worth $151,000 after buying an additional 600 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Wix.Com during the fourth quarter worth about $164,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Wix.Com during the fourth quarter worth about $216,000. Finally, Pendal Group Ltd acquired a new stake in shares of Wix.Com during the third quarter worth about $229,000. Institutional investors and hedge funds own 85.85% of the company’s stock.

Shares of NASDAQ:WIX opened at $119.41 on Thursday. The company has a debt-to-equity ratio of 2.49, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $5.21 billion, a P/E ratio of -119.41 and a beta of 1.71. Wix.Com Ltd has a 52 week low of $67.65 and a 52 week high of $121.45.

Wix.Com (NASDAQ:WIX) last announced its quarterly earnings data on Tuesday, November 13th. The information services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.49. The firm had revenue of $155.60 million during the quarter, compared to the consensus estimate of $152.78 million. Wix.Com had a negative net margin of 6.80% and a negative return on equity of 38.70%. The firm’s revenue was up 40.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. On average, sell-side analysts anticipate that Wix.Com Ltd will post -0.49 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Wix.Com from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Barclays reduced their price objective on shares of Wix.Com from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Oppenheimer reduced their price objective on shares of Wix.Com from $125.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, November 14th. KeyCorp reduced their price objective on shares of Wix.Com from $133.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Finally, BidaskClub downgraded shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 13th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Wix.Com has a consensus rating of “Buy” and a consensus price target of $106.13.

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About Wix.Com

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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Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.Com Ltd (NASDAQ:WIX).

Institutional Ownership by Quarter for Wix.Com (NASDAQ:WIX)

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