Pendal Group Ltd Sells 931 Shares of Wix.Com Ltd (NASDAQ:WIX)

Pendal Group Ltd trimmed its stake in shares of Wix.Com Ltd (NASDAQ:WIX) by 26.8% during the second quarter, HoldingsChannel.com reports. The firm owned 2,544 shares of the information services provider’s stock after selling 931 shares during the quarter. Pendal Group Ltd’s holdings in Wix.Com were worth $362,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in WIX. Jackson Square Partners LLC grew its position in Wix.Com by 78.3% during the first quarter. Jackson Square Partners LLC now owns 1,629,418 shares of the information services provider’s stock worth $196,882,000 after buying an additional 715,411 shares in the last quarter. FMR LLC grew its position in Wix.Com by 18.1% during the first quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock worth $529,556,000 after buying an additional 671,358 shares in the last quarter. Janus Henderson Group PLC grew its position in Wix.Com by 23,791.1% during the first quarter. Janus Henderson Group PLC now owns 634,308 shares of the information services provider’s stock worth $76,644,000 after buying an additional 631,653 shares in the last quarter. SQN Investors LP grew its position in Wix.Com by 35.9% during the first quarter. SQN Investors LP now owns 881,005 shares of the information services provider’s stock worth $106,452,000 after buying an additional 232,506 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Wix.Com by 133,976.2% during the first quarter. Marshall Wace LLP now owns 168,936 shares of the information services provider’s stock worth $20,414,000 after buying an additional 168,810 shares in the last quarter. Institutional investors own 84.42% of the company’s stock.

WIX opened at $143.80 on Friday. The stock has a 50-day moving average price of $145.42 and a 200-day moving average price of $130.95. Wix.Com Ltd has a 12-month low of $80.20 and a 12-month high of $155.75. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $7.14 billion, a P/E ratio of -326.82 and a beta of 1.48.

Wix.Com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.17. Wix.Com had a negative return on equity of 21.60% and a negative net margin of 8.70%. The firm had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $183.92 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, equities research analysts predict that Wix.Com Ltd will post -1.31 EPS for the current year.

WIX has been the subject of several recent analyst reports. Zacks Investment Research upgraded Wix.Com from a “strong sell” rating to a “hold” rating and set a $122.00 target price for the company in a research report on Saturday, July 20th. Citigroup boosted their target price on Wix.Com from $125.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Royal Bank of Canada boosted their target price on Wix.Com to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Oppenheimer boosted their target price on Wix.Com from $122.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Northland Securities restated a “buy” rating and set a $160.00 target price on shares of Wix.Com in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $135.06.

Wix.Com Company Profile

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

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