Menora Mivtachim Holdings LTD. reduced its stake in Wix.Com Ltd (NASDAQ:WIX) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,221,600 shares of the information services provider’s stock after selling 703,420 shares during the quarter. Wix.Com accounts for 4.0% of Menora Mivtachim Holdings LTD.’s investment portfolio, making the stock its 2nd largest position. Menora Mivtachim Holdings LTD. owned 2.61% of Wix.Com worth $146,226,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in Wix.Com during the 2nd quarter worth approximately $104,000. Advisory Services Network LLC acquired a new stake in Wix.Com during the 2nd quarter worth approximately $115,000. Fortis Advisors LLC acquired a new stake in Wix.Com during the 2nd quarter worth approximately $150,000. Global X Management Co LLC acquired a new stake in Wix.Com during the 2nd quarter worth approximately $181,000. Finally, Cumberland Partners Ltd acquired a new stake in Wix.Com during the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.
Shares of WIX opened at $88.40 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.49. Wix.Com Ltd has a twelve month low of $50.90 and a twelve month high of $121.45.
A number of equities research analysts have issued reports on the stock. SunTrust Banks increased their target price on shares of Wix.Com to $145.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Wedbush restated an “outperform” rating and issued a $123.00 price objective on shares of Wix.Com in a report on Thursday, September 13th. Zacks Investment Research lowered shares of Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine lowered shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, BidaskClub upgraded shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $104.24.
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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