Stock Traders Buy High Volume of Wix.Com Call Options (WIX)

Wix.Com Ltd (NASDAQ:WIX) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 2,204 call options on the stock. This is an increase of approximately 1,019% compared to the average volume of 197 call options.

Several equities analysts have recently commented on the stock. KeyCorp reissued a “buy” rating and issued a $85.00 target price on shares of Wix.Com in a report on Wednesday. BidaskClub downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Zacks Investment Research downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Oppenheimer lowered their target price on shares of Wix.Com from $88.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Finally, Wedbush downgraded shares of Wix.Com from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $86.00 to $65.00 in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Wix.Com has an average rating of “Buy” and an average target price of $77.20.

A number of institutional investors have recently added to or reduced their stakes in WIX. Advisor Group Inc. raised its stake in Wix.Com by 196.5% during the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock valued at $207,000 after purchasing an additional 1,965 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Wix.Com during the fourth quarter valued at $215,000. Parametrica Management Ltd purchased a new stake in shares of Wix.Com in the fourth quarter valued at $246,000. Koch Industries Inc. purchased a new stake in shares of Wix.Com in the fourth quarter valued at $343,000. Finally, SG Americas Securities LLC raised its stake in shares of Wix.Com by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock valued at $383,000 after acquiring an additional 859 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Wix.Com (NASDAQ:WIX) traded up $6.15 during trading on Wednesday, reaching $71.70. 3,292,244 shares of the company were exchanged, compared to its average volume of 673,989. The stock has a market capitalization of $2,868.31, a P/E ratio of -57.82 and a beta of 2.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Wix.Com has a 52 week low of $50.90 and a 52 week high of $86.15.

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Wix.Com Company Profile

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

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