Investors Purchase High Volume of Wix.Com Put Options (NASDAQ:WIX)

Wix.Com Ltd (NASDAQ:WIX) was the recipient of unusually large options trading activity on Wednesday. Traders bought 6,040 put options on the stock. This represents an increase of approximately 3,628% compared to the average daily volume of 162 put options.

Several research analysts have commented on WIX shares. ValuEngine cut shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Rosenblatt Securities restated a “sell” rating and issued a $93.00 target price on shares of Wix.Com in a research report on Thursday. Barclays decreased their price objective on shares of Wix.Com from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Northland Securities set a $160.00 price objective on shares of Wix.Com and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $168.00 price objective on shares of Wix.Com in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.38.

Several institutional investors have recently bought and sold shares of WIX. Massachusetts Financial Services Co. MA lifted its stake in Wix.Com by 80.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,474,817 shares of the information services provider’s stock valued at $172,169,000 after purchasing an additional 659,367 shares during the last quarter. Soroban Capital Partners LP acquired a new stake in Wix.Com during the second quarter valued at approximately $79,923,000. Allianz Asset Management GmbH acquired a new stake in Wix.Com during the second quarter valued at approximately $37,539,000. Coatue Management LLC acquired a new stake in Wix.Com during the second quarter valued at approximately $25,280,000. Finally, Nuveen Asset Management LLC lifted its stake in Wix.Com by 347.8% during the second quarter. Nuveen Asset Management LLC now owns 130,116 shares of the information services provider’s stock valued at $18,490,000 after purchasing an additional 101,060 shares during the last quarter. Institutional investors and hedge funds own 85.32% of the company’s stock.

Wix.Com stock opened at $125.20 on Friday. The firm has a 50 day simple moving average of $122.50 and a 200-day simple moving average of $135.99. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $6.35 billion, a PE ratio of -284.55 and a beta of 1.51. Wix.Com has a 12-month low of $80.20 and a 12-month high of $155.75.

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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