Tidal Investments LLC Buys Shares of 37,803 Wix.com Ltd. (NASDAQ:WIX)

Tidal Investments LLC purchased a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the first quarter, Holdings Channel.com reports. The fund purchased 37,803 shares of the information services provider’s stock, valued at approximately $5,197,000.

Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Wix.com by 9.8% in the 1st quarter. California State Teachers Retirement System now owns 56,143 shares of the information services provider’s stock valued at $7,719,000 after acquiring an additional 5,033 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its position in Wix.com by 163.7% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 3,829 shares of the information services provider’s stock worth $526,000 after purchasing an additional 2,377 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its position in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after buying an additional 488 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Wix.com in the first quarter worth approximately $779,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Wix.com by 19.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,401 shares of the information services provider’s stock worth $1,431,000 after buying an additional 1,696 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WIX shares. Morgan Stanley raised their price objective on shares of Wix.com from $143.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Barclays increased their price objective on Wix.com from $160.00 to $184.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Citigroup boosted their price target on Wix.com from $175.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of Wix.com in a research note on Monday, May 20th. Finally, JMP Securities restated a “market outperform” rating and set a $180.00 target price on shares of Wix.com in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus target price of $180.31.

Wix.com Trading Down 3.9 %

Wix.com stock traded down $6.05 during mid-day trading on Thursday, hitting $149.88. The stock had a trading volume of 80,446 shares, compared to its average volume of 606,125. Wix.com Ltd. has a 12 month low of $76.90 and a 12 month high of $178.65. The stock has a market capitalization of $8.57 billion, a PE ratio of 136.78, a P/E/G ratio of 3.66 and a beta of 1.47. The stock has a 50-day simple moving average of $162.27 and a two-hundred day simple moving average of $142.61.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Monday, May 20th. The information services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The business had revenue of $419.78 million during the quarter, compared to the consensus estimate of $417.71 million. Sell-side analysts expect that Wix.com Ltd. will post 1.91 earnings per share for the current fiscal year.

Wix.com Profile

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.