Renaissance Technologies LLC raised its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 14.8% during the third quarter, HoldingsChannel reports. The firm owned 1,652,950 shares of the information services provider’s stock after buying an additional 212,845 shares during the period. Renaissance Technologies LLC’s holdings in Wix.Com were worth $197,858,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WIX. Envestnet Asset Management Inc. acquired a new position in shares of Wix.Com in the 2nd quarter valued at $104,000. Advisory Services Network LLC acquired a new position in shares of Wix.Com in the 2nd quarter valued at $115,000. Fortis Advisors LLC acquired a new position in shares of Wix.Com in the 2nd quarter valued at $150,000. Tower Research Capital LLC TRC increased its position in shares of Wix.Com by 90.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the information services provider’s stock valued at $151,000 after acquiring an additional 600 shares during the period. Finally, Global X Management Co LLC acquired a new position in shares of Wix.Com in the 2nd quarter valued at $181,000. 85.91% of the stock is currently owned by institutional investors and hedge funds.
WIX stock opened at $91.46 on Thursday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 2.24 and a current ratio of 2.24. Wix.Com Ltd has a 52-week low of $50.90 and a 52-week high of $121.45. The stock has a market cap of $4.41 billion, a PE ratio of -91.46 and a beta of 1.80.
Wix.Com (NASDAQ:WIX) last posted its earnings results on Tuesday, November 13th. The information services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.49. Wix.Com had a negative net margin of 6.80% and a negative return on equity of 38.70%. The business had revenue of $155.60 million for the quarter, compared to analyst estimates of $152.78 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue for the quarter was up 40.2% on a year-over-year basis. Sell-side analysts forecast that Wix.Com Ltd will post -0.49 earnings per share for the current fiscal year.
Several research firms have commented on WIX. BidaskClub lowered shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 13th. JPMorgan Chase & Co. lowered their price target on shares of Wix.Com from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 14th. Zacks Investment Research lowered shares of Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Royal Bank of Canada raised shares of Wix.Com from a “sector perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Wednesday, November 21st. They noted that the move was a valuation call. Finally, JMP Securities lowered their price target on shares of Wix.Com from $125.00 to $112.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 14th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $104.24.
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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.
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