Meitav Investment House Ltd. Has $41.15 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Meitav Investment House Ltd. lessened its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,238 shares of the information services provider’s stock after selling 4,040 shares during the quarter. Meitav Investment House Ltd. owned about 0.43% of Wix.com worth $41,151,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. First Trust Direct Indexing L.P. lifted its stake in shares of Wix.com by 35.4% during the third quarter. First Trust Direct Indexing L.P. now owns 2,024 shares of the information services provider’s stock valued at $338,000 after acquiring an additional 529 shares during the period. Semanteon Capital Management LP lifted its stake in shares of Wix.com by 255.5% during the third quarter. Semanteon Capital Management LP now owns 4,526 shares of the information services provider’s stock valued at $757,000 after acquiring an additional 3,253 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Wix.com by 7.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,275 shares of the information services provider’s stock valued at $380,000 after acquiring an additional 165 shares during the period. Mediolanum International Funds Ltd increased its holdings in Wix.com by 10.7% in the third quarter. Mediolanum International Funds Ltd now owns 13,400 shares of the information services provider’s stock valued at $2,251,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Wix.com by 13.3% in the third quarter. Assenagon Asset Management S.A. now owns 13,519 shares of the information services provider’s stock valued at $2,260,000 after purchasing an additional 1,584 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WIX. Needham & Company LLC reiterated a “buy” rating and issued a $190.00 price objective on shares of Wix.com in a report on Wednesday, August 7th. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Barclays dropped their price objective on Wix.com from $186.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Finally, Benchmark upped their price objective on Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Wix.com Stock Performance

NASDAQ:WIX opened at $167.88 on Thursday. The company has a market cap of $9.60 billion, a PE ratio of 147.26, a PEG ratio of 3.49 and a beta of 1.48. Wix.com Ltd. has a 52-week low of $76.90 and a 52-week high of $179.00. The stock has a 50-day simple moving average of $163.28 and a 200 day simple moving average of $155.83.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. Wix.com’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. On average, research analysts predict that Wix.com Ltd. will post 2.1 earnings per share for the current fiscal year.

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.