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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 4,908 Shares of Wix.com Ltd. (NASDAQ:WIX)


Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Wix.com Ltd. (NASDAQ:WIXGet Rating) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,743 shares of the information services provider’s stock after purchasing an additional 4,908 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Wix.com were worth $1,388,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Alaska Permanent Fund Corp increased its holdings in Wix.com by 28.1% in the third quarter. Alaska Permanent Fund Corp now owns 37,094 shares of the information services provider’s stock worth $2,902,000 after purchasing an additional 8,141 shares in the last quarter. US Bancorp DE increased its holdings in shares of Wix.com by 68.1% during the third quarter. US Bancorp DE now owns 5,245 shares of the information services provider’s stock valued at $410,000 after acquiring an additional 2,124 shares in the last quarter. CWM LLC increased its holdings in shares of Wix.com by 34.5% during the third quarter. CWM LLC now owns 823 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 211 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Wix.com by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 56,902 shares of the information services provider’s stock valued at $4,451,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of Wix.com by 0.5% during the third quarter. Baillie Gifford & Co. now owns 8,133,640 shares of the information services provider’s stock valued at $636,295,000 after acquiring an additional 41,723 shares in the last quarter. 91.90% of the stock is currently owned by institutional investors.

Wix.com Trading Up 4.5 %

WIX stock opened at $85.58 on Friday. The stock’s fifty day simple moving average is $81.87 and its two-hundred day simple moving average is $75.34. Wix.com Ltd. has a 1-year low of $53.12 and a 1-year high of $136.07. The stock has a market cap of $4.90 billion, a P/E ratio of -9.93 and a beta of 1.14.

Wix.com (NASDAQ:WIXGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The information services provider reported ($0.81) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.15. Wix.com had a negative return on equity of 333.40% and a negative net margin of 36.51%. The business had revenue of $345.81 million for the quarter, compared to analysts’ expectations of $343.17 million. As a group, analysts forecast that Wix.com Ltd. will post -4.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays boosted their price objective on Wix.com to $78.00 in a report on Wednesday, November 16th. Royal Bank of Canada upgraded Wix.com from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $100.00 in a report on Thursday, January 12th. Morgan Stanley boosted their price objective on Wix.com from $81.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, November 11th. Oppenheimer upgraded Wix.com from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, September 29th. Finally, JPMorgan Chase & Co. began coverage on Wix.com in a report on Friday, November 11th. They set a “neutral” rating and a $84.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Wix.com Company Profile

(Get Rating)

Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.

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



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