Norges Bank Invests $32.98 Million in Wix.Com Ltd (WIX)

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Norges Bank acquired a new position in shares of Wix.Com Ltd (NASDAQ:WIX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 365,048 shares of the information services provider’s stock, valued at approximately $32,979,000. Norges Bank owned approximately 0.78% of Wix.Com as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of WIX. Principal Financial Group Inc. grew its holdings in shares of Wix.Com by 68.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,513,121 shares of the information services provider’s stock worth $227,035,000 after buying an additional 1,021,273 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Wix.Com by 42.3% during the fourth quarter. BlackRock Inc. now owns 2,105,745 shares of the information services provider’s stock worth $190,234,000 after buying an additional 626,291 shares in the last quarter. CI Investments Inc. bought a new position in shares of Wix.Com during the fourth quarter worth about $37,566,000. Sylebra HK Co Ltd grew its holdings in shares of Wix.Com by 163.7% during the fourth quarter. Sylebra HK Co Ltd now owns 660,206 shares of the information services provider’s stock worth $59,643,000 after buying an additional 409,839 shares in the last quarter. Finally, Dorsey Asset Management LLC grew its holdings in shares of Wix.Com by 103.3% during the fourth quarter. Dorsey Asset Management LLC now owns 597,595 shares of the information services provider’s stock worth $53,987,000 after buying an additional 303,718 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

Several brokerages recently commented on WIX. Wedbush set a $142.00 price target on Wix.Com and gave the company a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research cut Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Macquarie began coverage on Wix.Com in a research report on Wednesday, March 27th. They set a “neutral” rating and a $116.00 price target for the company. Guggenheim began coverage on Wix.Com in a research report on Tuesday, March 19th. They set a “buy” rating and a $108.89 price target for the company. Finally, ValuEngine cut Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Wix.Com has a consensus rating of “Buy” and a consensus target price of $112.18.

WIX opened at $124.48 on Wednesday. Wix.Com Ltd has a 12-month low of $76.05 and a 12-month high of $126.91. The company has a market capitalization of $6.22 billion, a PE ratio of -282.91 and a beta of 1.70. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 2.23.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, February 20th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.47. Wix.Com had a negative return on equity of 21.72% and a negative net margin of 6.15%. The company had revenue of $164.20 million during the quarter, compared to analysts’ expectations of $162.02 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue was up 38.4% on a year-over-year basis. As a group, equities research analysts anticipate that Wix.Com Ltd will post -0.57 earnings per share for the current fiscal year.

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

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