LGT Group Foundation Acquires New Holdings in Wix.com Ltd. $WIX

LGT Group Foundation bought a new stake in Wix.com Ltd. (NASDAQ:WIX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,068 shares of the information services provider’s stock, valued at approximately $1,788,000.

Several other hedge funds also recently modified their holdings of WIX. Westside Investment Management Inc. raised its holdings in shares of Wix.com by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 77 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. MAI Capital Management increased its position in Wix.com by 109.1% during the third quarter. MAI Capital Management now owns 366 shares of the information services provider’s stock worth $65,000 after buying an additional 191 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Wix.com during the second quarter worth $77,000. Finally, New Age Alpha Advisors LLC raised its holdings in Wix.com by 100.0% during the third quarter. New Age Alpha Advisors LLC now owns 690 shares of the information services provider’s stock valued at $116,000 after buying an additional 345 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America decreased their price target on Wix.com from $210.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Wells Fargo & Company reduced their target price on Wix.com from $176.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Royal Bank Of Canada lowered their price target on Wix.com from $155.00 to $112.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Benchmark dropped their price target on shares of Wix.com from $185.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Barclays lowered their target price on shares of Wix.com from $205.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

Wix.com Trading Down 2.0%

WIX opened at $92.00 on Tuesday. The business has a 50 day moving average of $82.77 and a 200-day moving average of $115.36. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 113.58, a P/E/G ratio of 2.02 and a beta of 1.40. Wix.com Ltd. has a 1-year low of $60.22 and a 1-year high of $191.24.

Wix.com (NASDAQ:WIX) last released its earnings results on Wednesday, March 4th. The information services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.36 by $0.45. The firm had revenue of $524.27 million during the quarter, compared to analysts’ expectations of $527.69 million. Wix.com had a net margin of 2.54% and a negative return on equity of 70.04%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 EPS. Equities analysts predict that Wix.com Ltd. will post 3.65 EPS for the current year.

Wix.com announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information services provider to reacquire up to 40.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wix.com News Roundup

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Cantor Fitzgerald reiterates bullish stance and remains constructive on Wix after the company’s recent results, supporting the view that fundamentals (revenue growth) are intact. Cantor Fitzgerald remains bullish on Wix.com (WIX)
• Positive Sentiment: Wix reported strong underlying metrics recently (including ~15% Q4 bookings growth) and announced an aggressive plan to mostly finish its $2B buyback this year — key catalysts that drove the stock’s rally earlier in March. Wix.com (WIX) Registers 15% Growth in Q4 Bookings
• Positive Sentiment: Coverage noting a 33% weekly jump on revenue growth and the buyback underscores momentum and investor interest stemming from the company’s recent financials and capital return plan. Wix.com (WIX) Climbs 33% on Revenue Growth, Aggressive Buyback
• Neutral Sentiment: Brokerage consensus remains mixed-to-positive — one aggregator shows an average rating around “Moderate Buy,” indicating some continued analyst support even as opinions diverge. Wix.com Ltd. (NASDAQ:WIX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Coverage explains February’s sharp pullback was driven by AI-disruption fears; the subsequent rebound in March is attributed to a stronger-than-feared earnings report — this context helps explain volatility but is not a clear directional catalyst. Why Wix.com Stock Fell 18.9% In February Before Soaring To Start March
• Negative Sentiment: Robert W. Baird downgraded Wix from Outperform to Neutral and cut its price target to $90 (from $115), citing valuation after the recent rally — that downgrade is a near-term headwind and likely the primary driver of today’s pullback. Baird cuts Wix.com stock rating on valuation after recent rally
• Negative Sentiment: Wall Street Zen also lowered its rating recently, adding to the selling pressure from downgrades and signaling lingering analyst concern about valuation and/or near-term growth risk. Wix.com (NASDAQ:WIX) Stock Rating Lowered by Wall Street Zen

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.