Calixto Global Investors LP Takes $14.87 Million Position in Wix.com Ltd. (WIX)
Calixto Global Investors LP acquired a new stake in Wix.com Ltd. (NASDAQ:WIX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 213,703 shares of the information services provider’s stock, valued at approximately $14,874,000. Wix.com comprises about 3.9% of Calixto Global Investors LP’s portfolio, making the stock its 11th largest position. Calixto Global Investors LP owned about 0.47% of Wix.com at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of Wix.com by 23.9% in the 1st quarter. Russell Investments Group Ltd. now owns 60,295 shares of the information services provider’s stock valued at $4,094,000 after purchasing an additional 11,618 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Wix.com by 14.8% in the 1st quarter. Bank of New York Mellon Corp now owns 46,805 shares of the information services provider’s stock valued at $3,178,000 after purchasing an additional 6,024 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Wix.com in the 1st quarter valued at $5,404,000. Parametric Portfolio Associates LLC lifted its stake in shares of Wix.com by 28.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 21,257 shares of the information services provider’s stock valued at $1,443,000 after purchasing an additional 4,753 shares during the period. Finally, Oxford Asset Management acquired a new position in shares of Wix.com in the 1st quarter valued at $503,000. 69.96% of the stock is currently owned by institutional investors and hedge funds.
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WIX has been the subject of several analyst reports. BidaskClub cut shares of Wix.com from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Barclays PLC restated a “buy” rating and set a $77.00 price objective on shares of Wix.com in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC started coverage on shares of Wix.com in a research report on Thursday, August 24th. They set a “buy” rating and a $74.00 price objective for the company. Finally, SunTrust Banks, Inc. started coverage on shares of Wix.com in a research report on Tuesday, August 15th. They set a “buy” rating and a $73.00 price objective for the company. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Wix.com presently has a consensus rating of “Buy” and a consensus target price of $74.87.
Shares of Wix.com Ltd. (NASDAQ:WIX) traded up 1.77% during midday trading on Friday, hitting $71.85. 866,468 shares of the stock were exchanged. The firm has a 50-day moving average price of $62.78 and a 200 day moving average price of $70.11. The firm’s market cap is $3.26 billion. Wix.com Ltd. has a 12-month low of $38.65 and a 12-month high of $86.15.
Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.16). The firm had revenue of $103.50 million during the quarter, compared to analyst estimates of $101.93 million. The firm’s revenue was up 50.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share. Analysts predict that Wix.com Ltd. will post $0.23 earnings per share for the current fiscal year.
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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