18,414 Shares in Wix.com Ltd. $WIX Purchased by Virtus Advisers LLC

Virtus Advisers LLC purchased a new position in Wix.com Ltd. (NASDAQ:WIX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,414 shares of the information services provider’s stock, valued at approximately $1,328,000.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Wix.com by 74.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 177 shares during the last quarter. Versant Capital Management Inc boosted its stake in Wix.com by 537.6% during the 3rd quarter. Versant Capital Management Inc now owns 542 shares of the information services provider’s stock worth $39,000 after purchasing an additional 457 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Wix.com during the 3rd quarter worth $173,000. Signaturefd LLC boosted its stake in Wix.com by 78.9% during the 3rd quarter. Signaturefd LLC now owns 2,877 shares of the information services provider’s stock worth $208,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in shares of Wix.com during the first quarter worth $210,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Trading Up 1.9%

NASDAQ WIX traded up $1.27 on Friday, reaching $67.17. 461,053 shares of the company were exchanged, compared to its average volume of 866,394. The business’s fifty day moving average price is $75.79 and its 200 day moving average price is $70.00. The stock has a market capitalization of $3.92 billion, a P/E ratio of -17.45, a price-to-earnings-growth ratio of 43.60 and a beta of 1.06. Wix.com Ltd. has a fifty-two week low of $40.16 and a fifty-two week high of $129.40.

Wix.com (NASDAQ:WIX) last issued its earnings results on Tuesday, November 10th. The information services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.02. Wix.com had a negative return on equity of 1.61% and a negative net margin of 8.54%. The company had revenue of $570.17 million during the quarter, compared to analysts’ expectations of $566.27 million. During the same period in the prior year, the business earned $1.80 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts forecast that Wix.com Ltd. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WIX shares. Wells Fargo & Company reduced their target price on shares of Wix.com from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Wednesday. Raymond James Financial downgraded shares of Wix.com from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $75.00 to $70.00 in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $85.00 price target on shares of Wix.com in a research report on Tuesday, November 10th. Wedbush dropped their price objective on shares of Wix.com from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, November 10th. Finally, Citigroup dropped their price objective on shares of Wix.com from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $89.52.

Insider Buying and Selling at Wix.com

In other news, CFO Lior Shemesh purchased 456 shares of the stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $59.89 per share, with a total value of $27,309.84. Following the transaction, the chief financial officer owned 221,567 shares in the company, valued at $13,269,647.63. The trade was a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shelly B. Meyer sold 479 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $95.00, for a total transaction of $45,505.00. Following the completion of the sale, the insider directly owned 183,010 shares of the company’s stock, valued at $17,385,950. This represents a 0.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 2,622 shares of company stock worth $157,032. Corporate insiders own 6.20% of the company’s stock.

About Wix.com

Wix.com Ltd. is a cloud-based platform that enables individuals, businesses and organizations to create and manage websites. Its tools include customizable templates, a visual website editor and hosting, allowing users to build sites without advanced coding skills or develop more customized experiences. The company also offers services for online businesses, including e-commerce features, appointment booking, payments, marketing tools and website analytics. Its products are designed to help customers manage multiple aspects of their online presence through one platform.