Migdal Insurance & Financial Holdings Ltd. Has $25.08 Million Stake in Wix.Com Ltd (NASDAQ:WIX)

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 21.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,567 shares of the information services provider’s stock after acquiring an additional 37,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned about 0.42% of Wix.Com worth $25,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of WIX. Quadrant Capital Group LLC raised its position in shares of Wix.Com by 20.9% in the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 80 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in Wix.Com by 21.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 618 shares of the information services provider’s stock worth $55,000 after buying an additional 111 shares during the last quarter. Keybank National Association OH raised its position in Wix.Com by 8.7% during the 4th quarter. Keybank National Association OH now owns 4,206 shares of the information services provider’s stock worth $380,000 after buying an additional 338 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Wix.Com by 2.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 14,158 shares of the information services provider’s stock worth $1,711,000 after buying an additional 343 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Wix.Com by 0.7% during the 4th quarter. California Public Employees Retirement System now owns 53,393 shares of the information services provider’s stock worth $4,824,000 after buying an additional 394 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Several equities analysts have recently weighed in on WIX shares. Royal Bank of Canada lifted their target price on shares of Wix.Com to $120.00 and gave the company a “positive” rating in a report on Thursday, February 21st. Guggenheim assumed coverage on shares of Wix.Com in a report on Tuesday, March 19th. They set a “buy” rating and a $108.89 target price for the company. Wedbush reissued an “outperform” rating and issued a $152.00 price target (up previously from $142.00) on shares of Wix.Com in a research note on Tuesday, May 14th. Zacks Investment Research cut shares of Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Finally, ValuEngine cut shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $123.88.

NASDAQ:WIX traded up $1.39 on Friday, reaching $134.79. 327,950 shares of the company’s stock were exchanged, compared to its average volume of 719,110. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $6.75 billion, a PE ratio of -306.34 and a beta of 1.70. Wix.Com Ltd has a 52-week low of $80.20 and a 52-week high of $143.82.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.30. The company had revenue of $174.29 million for the quarter, compared to analyst estimates of $172.98 million. Wix.Com had a negative net margin of 7.51% and a negative return on equity of 19.47%. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. Analysts expect that Wix.Com Ltd will post -1.34 EPS for the current fiscal year.

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About Wix.Com

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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