California Public Employees Retirement System trimmed its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,000 shares of the information services provider’s stock after selling 1,300 shares during the quarter. California Public Employees Retirement System’s holdings in Wix.Com were worth $1,505,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Wix.Com by 3.0% during the first quarter. Northern Trust Corp now owns 104,497 shares of the information services provider’s stock worth $8,313,000 after acquiring an additional 2,995 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Wix.Com in the first quarter worth $322,000. UBS Group AG increased its stake in shares of Wix.Com by 1,091.3% in the first quarter. UBS Group AG now owns 14,320 shares of the information services provider’s stock worth $1,139,000 after buying an additional 13,118 shares during the period. California State Teachers Retirement System purchased a new position in shares of Wix.Com in the first quarter worth $1,648,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Wix.Com in the first quarter worth $1,717,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of WIX stock opened at $101.67 on Friday. Wix.Com Ltd has a 12 month low of $50.90 and a 12 month high of $121.45. The firm has a market cap of $4.77 billion, a PE ratio of -101.67 and a beta of 1.82. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.76.
Several research analysts recently commented on WIX shares. SunTrust Banks lifted their target price on shares of Wix.Com to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research downgraded shares of Wix.Com from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. KeyCorp lifted their target price on shares of Wix.Com from $103.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. BidaskClub downgraded shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $110.00 target price on shares of Wix.Com in a research note on Thursday, July 26th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $105.38.
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.
Further Reading: Preferred Stock
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.Com Ltd (NASDAQ:WIX).
Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.