Northern Trust Corp cut its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,712 shares of the company’s stock after selling 8,306 shares during the quarter. Northern Trust Corp owned about 0.22% of Wix.com worth $6,801,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WIX. Principal Financial Group Inc. raised its stake in shares of Wix.com by 76.7% in the second quarter. Principal Financial Group Inc. now owns 633,163 shares of the company’s stock valued at $44,068,000 after purchasing an additional 274,833 shares in the last quarter. Victory Capital Management Inc. grew its position in Wix.com by 1.4% in the second quarter. Victory Capital Management Inc. now owns 632,990 shares of the company’s stock valued at $44,056,000 after acquiring an additional 8,550 shares during the period. William Blair Investment Management LLC grew its position in Wix.com by 10.8% in the second quarter. William Blair Investment Management LLC now owns 593,252 shares of the company’s stock valued at $41,290,000 after acquiring an additional 57,731 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in Wix.com in the second quarter valued at $29,714,000. Finally, Morgan Stanley grew its position in Wix.com by 15.5% in the first quarter. Morgan Stanley now owns 243,415 shares of the company’s stock valued at $16,528,000 after acquiring an additional 32,625 shares during the period. Institutional investors own 72.61% of the company’s stock.
Wix.com Ltd. (WIX) opened at C$55.65 on Monday. Wix.com Ltd. has a one year low of C$42.80 and a one year high of C$86.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86.
A number of brokerages have weighed in on WIX. Northland Securities reiterated a “buy” rating and issued a $75.00 price target on shares of Wix.com in a research report on Thursday, September 21st. KeyCorp assumed coverage on Wix.com in a report on Sunday, July 23rd. They set an “overweight” rating and a $88.00 target price on the stock. Oppenheimer Holdings, Inc. decreased their target price on Wix.com from $88.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday. BidaskClub cut Wix.com from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Wedbush cut Wix.com from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $86.00 to $65.00 in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$77.93.
Wix.com Company Profile
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.
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX).
Receive News & Ratings for Wix.com Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.