AMP Capital Investors Ltd acquired a new stake in Wix.Com Ltd (NASDAQ:WIX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,451 shares of the information services provider’s stock, valued at approximately $246,000.

Several other hedge funds have also recently added to or reduced their stakes in WIX. CI Global Investments Inc. bought a new position in shares of Wix.Com in the first quarter valued at approximately $58,709,000. Summit Trail Advisors LLC lifted its position in Wix.Com by 83,610.2% during the first quarter. Summit Trail Advisors LLC now owns 647,080 shares of the information services provider’s stock valued at $647,000 after purchasing an additional 646,307 shares during the last quarter. BlackRock Inc. lifted its position in Wix.Com by 41.5% during the first quarter. BlackRock Inc. now owns 1,133,280 shares of the information services provider’s stock valued at $90,151,000 after purchasing an additional 332,574 shares during the last quarter. Millennium Management LLC lifted its position in Wix.Com by 2,633.1% during the first quarter. Millennium Management LLC now owns 339,228 shares of the information services provider’s stock valued at $26,986,000 after purchasing an additional 326,816 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Wix.Com by 32.0% during the second quarter. Victory Capital Management Inc. now owns 1,193,410 shares of the information services provider’s stock valued at $119,698,000 after purchasing an additional 289,190 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.

Shares of WIX stock opened at $116.30 on Wednesday. Wix.Com Ltd has a 12 month low of $50.90 and a 12 month high of $118.45. The firm has a market cap of $5.32 billion, a PE ratio of -113.20 and a beta of 1.68. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.76.

Wix.Com (NASDAQ:WIX) last announced its earnings results on Wednesday, July 25th. The information services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.49. Wix.Com had a negative net margin of 9.07% and a negative return on equity of 104.11%. The firm had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $144.76 million. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. analysts expect that Wix.Com Ltd will post -0.57 earnings per share for the current year.

A number of equities research analysts have recently weighed in on WIX shares. SunTrust Banks boosted their price objective on shares of Wix.Com to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Deutsche Bank boosted their price objective on shares of Wix.Com from $66.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, June 4th. MED boosted their price objective on shares of Wix.Com to $100.00 and gave the stock a “buy” rating in a report on Monday, June 4th. Needham & Company LLC boosted their price objective on shares of Wix.Com from $98.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. Finally, BidaskClub lowered shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.81.

Wix.Com 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.

Read More: Return on Equity (ROE)

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

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