Semanteon Capital Management LP Makes New Investment in Wix.com Ltd. (NASDAQ:WIX)

Semanteon Capital Management LP bought a new position in Wix.com Ltd. (NASDAQ:WIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,283 shares of the information services provider’s stock, valued at approximately $1,265,000. Wix.com comprises 0.9% of Semanteon Capital Management LP’s holdings, making the stock its 11th biggest position.

Other large investors have also bought and sold shares of the company. HighMark Wealth Management LLC purchased a new stake in Wix.com in the fourth quarter worth $26,000. BluePath Capital Management LLC purchased a new position in shares of Wix.com in the third quarter valued at $37,000. Headlands Technologies LLC purchased a new position in shares of Wix.com in the third quarter valued at $45,000. Algert Global LLC purchased a new position in shares of Wix.com in the third quarter valued at $214,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Wix.com by 5.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 129 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $0.51 during midday trading on Thursday, hitting $121.18. 363,891 shares of the stock traded hands, compared to its average volume of 544,351. The firm has a 50-day moving average of $133.96 and a two-hundred day moving average of $116.93. The firm has a market capitalization of $6.74 billion, a P/E ratio of 220.33, a PEG ratio of 4.27 and a beta of 1.33. Wix.com Ltd. has a one year low of $73.39 and a one year high of $146.21.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.98 by $0.24. The firm had revenue of $403.80 million during the quarter, compared to analyst estimates of $416.87 million. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. Wix.com’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.42) EPS. Equities analysts forecast that Wix.com Ltd. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James assumed coverage on Wix.com in a report on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Wix.com in a report on Wednesday, February 21st. Royal Bank of Canada boosted their price target on Wix.com from $135.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. B. Riley boosted their price target on Wix.com from $120.00 to $141.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley reduced their price target on Wix.com from $157.00 to $143.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.29.

Wix.com Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.