Jackson Square Partners LLC Acquires 715,411 Shares of Wix.Com Ltd (NASDAQ:WIX)

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Jackson Square Partners LLC increased its stake in Wix.Com Ltd (NASDAQ:WIX) by 78.3% during the 1st quarter, Holdings Channel reports. The fund owned 1,629,418 shares of the information services provider’s stock after buying an additional 715,411 shares during the period. Jackson Square Partners LLC’s holdings in Wix.Com were worth $196,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WIX. Quadrant Capital Group LLC increased its stake in shares of Wix.Com by 20.9% in the first quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock worth $54,000 after buying an additional 80 shares during the last quarter. Security National Trust Co. bought a new stake in Wix.Com during the first quarter valued at $60,000. Highstreet Asset Management Inc. bought a new stake in Wix.Com during the first quarter valued at $60,000. LS Investment Advisors LLC bought a new stake in Wix.Com during the fourth quarter valued at $62,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Wix.Com during the fourth quarter valued at $63,000. 85.73% of the stock is currently owned by institutional investors and hedge funds.

WIX stock traded up $1.15 during trading on Wednesday, hitting $143.59. The company had a trading volume of 18,688 shares, compared to its average volume of 700,548. The company has a market capitalization of $7.11 billion, a P/E ratio of -325.42 and a beta of 1.62. Wix.Com Ltd has a fifty-two week low of $80.20 and a fifty-two week high of $148.99. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.17.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.30. Wix.Com had a negative net margin of 7.51% and a negative return on equity of 19.47%. The company had revenue of $174.29 million during the quarter, compared to the consensus estimate of $172.98 million. During the same period in the prior year, the company earned ($0.06) EPS. Wix.Com’s revenue was up 26.5% on a year-over-year basis. Equities analysts anticipate that Wix.Com Ltd will post -1.34 EPS for the current year.

Several analysts have weighed in on WIX shares. ValuEngine upgraded shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. Rosenblatt Securities lowered shares of Wix.Com from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $75.00 to $73.00 in a research report on Wednesday, February 20th. Raymond James lowered shares of Wix.Com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 20th. Royal Bank of Canada upped their price target on shares of Wix.Com to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 21st. Finally, KeyCorp upped their price target on shares of Wix.Com from $122.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Wix.Com has an average rating of “Buy” and an average price target of $128.42.

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

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