Semanteon Capital Management LP Takes Position in Wix.com Ltd. (NASDAQ:WIX)

Semanteon Capital Management LP acquired a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,283 shares of the information services provider’s stock, valued at approximately $1,265,000. Wix.com comprises approximately 0.9% of Semanteon Capital Management LP’s holdings, making the stock its 11th biggest holding.

A number of other large investors have also recently made changes to their positions in WIX. Senvest Management LLC grew its holdings in shares of Wix.com by 194.2% during the third quarter. Senvest Management LLC now owns 605,937 shares of the information services provider’s stock valued at $55,625,000 after buying an additional 399,944 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Wix.com by 43.5% in the third quarter. Clearbridge Investments LLC now owns 1,086,704 shares of the information services provider’s stock valued at $99,759,000 after purchasing an additional 329,561 shares during the last quarter. Shannon River Fund Management LLC purchased a new stake in Wix.com in the third quarter valued at $29,590,000. Allspring Global Investments Holdings LLC boosted its holdings in Wix.com by 5,893.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 263,012 shares of the information services provider’s stock valued at $24,145,000 after purchasing an additional 258,624 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Wix.com by 10.6% in the third quarter. Wellington Management Group LLP now owns 1,093,569 shares of the information services provider’s stock valued at $100,390,000 after purchasing an additional 105,026 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on WIX shares. JMP Securities upped their price target on shares of Wix.com from $130.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Benchmark upped their price target on shares of Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group increased their target price on shares of Wix.com from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Raymond James initiated coverage on shares of Wix.com in a research note on Wednesday, March 27th. They set an “outperform” rating and a $160.00 target price on the stock. Finally, Morgan Stanley lowered their target price on shares of Wix.com from $157.00 to $143.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Wix.com presently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Wix.com Stock Performance

Shares of WIX traded down $0.51 during mid-day trading on Thursday, hitting $121.18. 363,891 shares of the company were exchanged, compared to its average volume of 544,351. Wix.com Ltd. has a 1-year low of $73.39 and a 1-year high of $146.21. The company has a 50 day moving average of $133.96 and a 200-day moving average of $116.93. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 220.33, a price-to-earnings-growth ratio of 4.27 and a beta of 1.33.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, February 21st. The information services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.24. Wix.com had a net margin of 2.12% and a negative return on equity of 40.56%. The firm had revenue of $403.80 million during the quarter, compared to the consensus estimate of $416.87 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts anticipate that Wix.com Ltd. will post 1.16 earnings per share for the current fiscal year.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.