Traders Buy High Volume of Wix.Com Put Options (WIX)

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Wix.Com Ltd (NASDAQ:WIX) was the recipient of unusually large options trading on Tuesday. Investors purchased 2,971 put options on the stock. This represents an increase of 1,349% compared to the typical volume of 205 put options.

Wix.Com stock opened at $119.41 on Thursday. The stock has a market cap of $5.21 billion, a P/E ratio of -119.41 and a beta of 1.71. Wix.Com has a 52 week low of $67.65 and a 52 week high of $121.45. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 2.49.

Wix.Com (NASDAQ:WIX) last posted its earnings results on Tuesday, November 13th. The information services provider reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.49. The firm had revenue of $155.60 million for the quarter, compared to analyst estimates of $152.78 million. Wix.Com had a negative return on equity of 38.70% and a negative net margin of 6.80%. Wix.Com’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. Research analysts anticipate that Wix.Com will post -0.49 earnings per share for the current fiscal year.

WIX has been the subject of several research analyst reports. BidaskClub cut Wix.Com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 13th. JPMorgan Chase & Co. reduced their price objective on Wix.Com from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 14th. Citigroup initiated coverage on Wix.Com in a research note on Wednesday, December 19th. They issued a “buy” rating for the company. Zacks Investment Research upgraded Wix.Com from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Saturday, January 12th. Finally, Royal Bank of Canada upgraded Wix.Com from a “sector perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, November 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $106.13.

A number of institutional investors have recently bought and sold shares of WIX. Flagship Harbor Advisors LLC grew its holdings in Wix.Com by 21.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 618 shares of the information services provider’s stock worth $55,000 after acquiring an additional 111 shares during the period. LS Investment Advisors LLC acquired a new stake in Wix.Com during the fourth quarter worth about $62,000. Tower Research Capital LLC TRC grew its holdings in Wix.Com by 90.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 600 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Wix.Com in the fourth quarter valued at approximately $163,000. Finally, Cerebellum GP LLC acquired a new stake in Wix.Com in the fourth quarter valued at approximately $164,000. 85.85% of the stock is currently owned by hedge funds and other institutional investors.

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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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