Wix.Com Ltd (WIX) is Menora Mivtachim Holdings LTD.’s 2nd Largest Position

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.

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

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.

WARNING: This piece was first published by WKRB News and is the property of of WKRB News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.wkrb13.com/2018/11/25/wix-com-ltd-wix-is-menora-mivtachim-holdings-ltd-s-2nd-largest-position.html.

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.

Featured Article: Average Daily Trade Volume Explained

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

Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply