Toth Financial Advisory Corp purchased a new stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,955 shares of the information services provider's stock, valued at approximately $661,000.
Several other hedge funds and other institutional investors have also modified their holdings of WIX. Blue Trust Inc. increased its position in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after buying an additional 98 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Wix.com in the 1st quarter worth about $37,000. CWM LLC lifted its position in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after purchasing an additional 101 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock valued at $94,000 after purchasing an additional 488 shares during the period. Finally, Toronto Dominion Bank grew its position in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after purchasing an additional 124 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
WIX has been the subject of several analyst reports. Benchmark boosted their price objective on Wix.com from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. UBS Group increased their price target on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Barclays cut their price objective on shares of Wix.com from $186.00 to $184.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Piper Sandler raised shares of Wix.com from a "neutral" rating to an "overweight" rating and raised their target price for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. Finally, KeyCorp initiated coverage on shares of Wix.com in a research report on Thursday, July 25th. They set a "sector weight" rating on the stock. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.06.
Check Out Our Latest Stock Analysis on WIX
Shares of NASDAQ:WIX opened at $172.47 on Tuesday. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 136.88, a P/E/G ratio of 3.69 and a beta of 1.48. Wix.com Ltd. has a 1 year low of $76.90 and a 1 year high of $179.00. The business has a fifty day simple moving average of $163.19 and a 200 day simple moving average of $154.37.
Wix.com (NASDAQ:WIX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.32 by $0.35. The business had revenue of $435.70 million during the quarter, compared to analysts' expectations of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. On average, sell-side analysts forecast that Wix.com Ltd. will post 2.1 EPS for the current year.
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.
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