Trexquant Investment LP Purchases Shares of 10,000 Wix.com Ltd. (WIX)
Trexquant Investment LP purchased a new stake in Wix.com Ltd. (NASDAQ:WIX) during the second quarter, according to its most recent filing with the SEC. The fund purchased 10,000 shares of the information services provider’s stock, valued at approximately $696,000.
Several other institutional investors have also bought and sold shares of the company. Westpac Banking Corp acquired a new position in Wix.com during the first quarter valued at $137,000. Eqis Capital Management Inc. acquired a new position in Wix.com during the second quarter valued at $207,000. First Mercantile Trust Co. acquired a new position in Wix.com during the first quarter valued at $220,000. Group One Trading L.P. acquired a new position in Wix.com during the first quarter valued at $228,000. Finally, Legal & General Group Plc increased its position in Wix.com by 500.0% in the first quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock valued at $245,000 after buying an additional 3,000 shares in the last quarter. 77.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wix.com Ltd. (WIX) opened at 57.70 on Friday. The firm’s 50 day moving average is $68.84 and its 200-day moving average is $68.78. Wix.com Ltd. has a 12 month low of $37.31 and a 12 month high of $86.15. The firm’s market capitalization is $2.62 billion.
Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.16. The firm had revenue of $103.50 million for the quarter, compared to analyst estimates of $101.93 million. Wix.com’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. On average, analysts expect that Wix.com Ltd. will post $0.25 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Wix.com in a research report on Sunday, July 23rd. They set an “overweight” rating and a $88.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of Wix.com from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 11th. Bank of America Corporation raised their price objective on shares of Wix.com from $70.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. BidaskClub cut shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research cut shares of Wix.com from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $71.59.
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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