Ieq Capital LLC takes position in Wix.com Ltd. (NASDAQ: WIX)


Ieq Capital LLC has purchased a new stake in Wix.com Ltd. (NASDAQ:WIX – Get Rating) in the first quarter, reports HoldingsChannel. The company bought 2,596 shares of the information services provider, valued at around $271,000.

Several other hedge funds have also recently changed their positions in the company. CWM LLC purchased a new stake in Wix.com during Q4 for approximately $44,000. Parallel Advisors LLC increased its position in Wix.com by 73.3% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the information services provider worth $47,000 after acquiring 126 additional shares in the last quarter. UMB Bank NA MO acquired a new position in Wix.com during Q4 worth approximately $47,000. Lindbrook Capital LLC increased its position in Wix.com by 207.0% in Q1. Lindbrook Capital LLC now owns 482 shares of the information services provider worth $50,000 after acquiring 325 additional shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Wix.com by 129.0% during the 4th quarter. Quadrant Capital Group LLC now owns 490 shares of the information services provider worth $77,000 after acquiring 276 additional shares in the last quarter. 89.89% of the shares are held by institutional investors.

WIX stock opened at $64.47 on Thursday. The company has a debt ratio of 6.33, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $3.69 billion, a price-earnings ratio of -12.87 and a beta of 1.45. The company’s fifty-day moving average price is $64.51 and its two-hundred-day moving average price is $91.92. Wix.com Ltd. has a fifty-two-week low of $53.12 and a fifty-two-week high of $309.00.

Wix.com (NASDAQ:WIX – Get Rating) last released its quarterly earnings data on Monday, May 16. The information services provider reported ($1.61) earnings per share for the quarter, beating the consensus estimate of ($1.75) by $0.14. The company posted revenue of $341.60 million for the quarter, compared to $340.47 million expected by analysts. Wix.com had a negative return on equity of 136.41% and a negative net margin of 21.70%. The company’s quarterly revenue increased by 12.3% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of ($1.36). Research analysts expect Wix.com Ltd. shows an EPS of -5.47 for the current year.

A number of research companies have weighed in on WIX. JMP Securities cut its price target on Wix.com from $130.00 to $100.00 and set a “market outperformance” rating for the company in a research report on Thursday. Morgan Stanley downgraded Wix.com from an “overweight” rating to an “equal weight” rating and set a price target of $85.00 for the company. in a research report on Friday, May 20. Citigroup reduced its price target on Wix.com from $120.00 to $91.00 and set an “na” rating for the company in a Tuesday, May 17 report. Royal Bank of Canada reduced its price target on Wix.com from $85.00 to $75.00 in a Tuesday, May 17 report. Finally, Piper Sandler downgraded Wix.com from a “neutral” rating to an “underweight” rating and lowered her price target for the company from $105.00 to $78.00 in a Monday 25 report. april. Two research analysts gave the stock a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $140.39.

Company Profile Wix.com (Get an assessment)

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that allows anyone to create a website or web application in North America, Europe, Latin America, Asia and internationally. The company offers Wix Editor, a visual development environment and drag-and-drop website editing platform; Wix ADI which allows users to create a website for their specific needs; and Corvid by Wix to build websites and web apps.

Further reading

Want to see which other hedge funds hold WIX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Wix.com Ltd. (NASDAQ:WIX – Get Rating).

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



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