Wix.Com Ltd (NASDAQ:WIX) Shares Purchased by Meadow Creek Investment Management LLC

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Meadow Creek Investment Management LLC lifted its position in Wix.Com Ltd (NASDAQ:WIX) by 29.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 484 shares of the information services provider’s stock after purchasing an additional 110 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Wix.Com were worth $69,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jackson Square Partners LLC lifted its holdings in shares of Wix.Com by 78.3% in the 1st quarter. Jackson Square Partners LLC now owns 1,629,418 shares of the information services provider’s stock valued at $196,882,000 after buying an additional 715,411 shares during the period. FMR LLC lifted its holdings in shares of Wix.Com by 18.1% in the 1st quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock valued at $529,556,000 after buying an additional 671,358 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Wix.Com in the 2nd quarter valued at approximately $37,539,000. SQN Investors LP lifted its holdings in shares of Wix.Com by 35.9% in the 1st quarter. SQN Investors LP now owns 881,005 shares of the information services provider’s stock valued at $106,452,000 after buying an additional 232,506 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Wix.Com by 133,976.2% in the 1st quarter. Marshall Wace LLP now owns 168,936 shares of the information services provider’s stock valued at $20,414,000 after buying an additional 168,810 shares during the period. 84.12% of the stock is owned by hedge funds and other institutional investors.

Wix.Com stock traded down $0.65 during mid-day trading on Thursday, hitting $123.85. 7,457 shares of the company were exchanged, compared to its average volume of 447,420. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.93 and a quick ratio of 1.93. The business’s 50 day simple moving average is $140.94 and its two-hundred day simple moving average is $134.51. The company has a market capitalization of $6.21 billion, a P/E ratio of -281.70 and a beta of 1.55. Wix.Com Ltd has a 12-month low of $80.20 and a 12-month high of $155.75.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.17. Wix.Com had a negative return on equity of 21.60% and a negative net margin of 8.70%. The company had revenue of $185.40 million during the quarter, compared to the consensus estimate of $183.92 million. During the same quarter last year, the business posted $0.29 earnings per share. Wix.Com’s revenue was up 26.9% compared to the same quarter last year. Equities research analysts predict that Wix.Com Ltd will post -1.22 earnings per share for the current year.

WIX has been the subject of several recent analyst reports. Rosenblatt Securities set a $93.00 price target on Wix.Com and gave the company a “sell” rating in a report on Wednesday, August 21st. Zacks Investment Research raised Wix.Com from a “strong sell” rating to a “hold” rating and set a $122.00 price target for the company in a report on Saturday, July 20th. Deutsche Bank raised their price target on Wix.Com from $135.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Northland Securities set a $160.00 price target on Wix.Com and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Royal Bank of Canada raised their price target on Wix.Com to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Wix.Com has an average rating of “Buy” and a consensus target price of $136.39.

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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