ETF Managers Group LLC Buys 3,598 Shares of Wix.Com Ltd (WIX)

ETF Managers Group LLC grew its stake in shares of Wix.Com Ltd (NASDAQ:WIX) by 19.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 21,775 shares of the information services provider’s stock after acquiring an additional 3,598 shares during the period. ETF Managers Group LLC’s holdings in Wix.Com were worth $1,685,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in Wix.Com by 14.4% during the 1st quarter. Baillie Gifford & Co. now owns 2,763,621 shares of the information services provider’s stock valued at $219,846,000 after purchasing an additional 348,739 shares during the period. Bamco Inc. NY raised its stake in Wix.Com by 9.8% during the 1st quarter. Bamco Inc. NY now owns 1,818,087 shares of the information services provider’s stock valued at $144,629,000 after purchasing an additional 162,202 shares during the period. Jackson Square Partners LLC raised its stake in Wix.Com by 55.2% during the 4th quarter. Jackson Square Partners LLC now owns 1,322,809 shares of the information services provider’s stock valued at $76,127,000 after purchasing an additional 470,579 shares during the period. Clearbridge Investments LLC raised its stake in Wix.Com by 17.4% during the 4th quarter. Clearbridge Investments LLC now owns 1,150,051 shares of the information services provider’s stock valued at $66,185,000 after purchasing an additional 170,122 shares during the period. Finally, BlackRock Inc. raised its stake in Wix.Com by 41.5% during the 1st quarter. BlackRock Inc. now owns 1,133,280 shares of the information services provider’s stock valued at $90,151,000 after purchasing an additional 332,574 shares during the period. Institutional investors own 87.85% of the company’s stock.

Several analysts have issued reports on WIX shares. MED boosted their target price on shares of Wix.Com to $100.00 and gave the company a “buy” rating in a research note on Monday, June 4th. Citigroup upped their price target on shares of Wix.Com from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of Wix.Com from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Friday, April 20th. BidaskClub raised shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Finally, KeyCorp set a $103.00 price target on shares of Wix.Com and gave the stock a “buy” rating in a research note on Sunday, March 25th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $91.94.

Shares of NASDAQ:WIX opened at $99.55 on Thursday. The firm has a market capitalization of $4.60 billion, a P/E ratio of -99.55 and a beta of 1.73. Wix.Com Ltd has a 1 year low of $50.90 and a 1 year high of $101.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, May 9th. The information services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.36. The firm had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $135.74 million. Wix.Com had a negative net margin of 11.72% and a negative return on equity of 376.10%. Wix.Com’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. equities analysts anticipate that Wix.Com Ltd will post -0.67 EPS for the current year.

Wix.Com Company Profile

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

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Institutional Ownership by Quarter for Wix.Com (NASDAQ:WIX)

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