Wix.com Ltd. (NASDAQ:WIX) Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in Wix.com Ltd. (NASDAQ:WIX) by 27.9% during the second quarter, HoldingsChannel reports. The fund owned 785,649 shares of the information services provider’s stock after purchasing an additional 171,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Wix.com were worth $124,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WIX. Dimensional Fund Advisors LP raised its stake in shares of Wix.com by 448.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock worth $1,375,000 after purchasing an additional 7,070 shares in the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in Wix.com in the second quarter valued at approximately $639,000. DekaBank Deutsche Girozentrale increased its stake in shares of Wix.com by 436.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,532 shares of the information services provider’s stock worth $2,475,000 after purchasing an additional 12,639 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Wix.com by 122.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 54,333 shares of the information services provider’s stock valued at $8,643,000 after purchasing an additional 29,920 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of Wix.com by 16.0% in the 2nd quarter. Choreo LLC now owns 5,221 shares of the information services provider’s stock valued at $821,000 after purchasing an additional 719 shares during the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Stock Performance

Shares of Wix.com stock opened at $156.74 on Monday. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $178.65. The firm has a market cap of $8.59 billion, a P/E ratio of 137.49, a price-to-earnings-growth ratio of 3.41 and a beta of 1.47. The firm’s 50-day simple moving average is $160.62 and its 200-day simple moving average is $149.65.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $442.88 million. During the same period in the previous year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Wix.com Ltd. will post 2.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer raised their target price on Wix.com from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Citigroup upped their target price on Wix.com from $175.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Bank of America upped their price objective on shares of Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Jefferies Financial Group lifted their target price on shares of Wix.com from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Finally, Barclays raised their price target on Wix.com from $184.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and a consensus target price of $189.19.

Wix.com 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.