Semanteon Capital Management LP Has $1.47 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Semanteon Capital Management LP raised its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 51.5% in the 4th quarter, HoldingsChannel reports. The firm owned 6,859 shares of the information services provider’s stock after buying an additional 2,333 shares during the period. Wix.com makes up approximately 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 15th largest holding. Semanteon Capital Management LP’s holdings in Wix.com were worth $1,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in shares of Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after purchasing an additional 11,497 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Wix.com during the fourth quarter worth approximately $256,000. Oppenheimer & Co. Inc. bought a new position in Wix.com during the 3rd quarter worth $461,000. Loomis Sayles & Co. L P raised its holdings in Wix.com by 23.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider’s stock valued at $31,552,000 after acquiring an additional 36,459 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Wix.com by 348.6% during the 3rd quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider’s stock valued at $1,488,000 after acquiring an additional 6,919 shares during the period. 81.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on WIX shares. Barclays raised their price target on Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Benchmark upped their price target on shares of Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. StockNews.com upgraded shares of Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Wix.com from $205.00 to $189.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.74.

Wix.com Price Performance

Shares of NASDAQ WIX opened at $169.13 on Friday. Wix.com Ltd. has a 1 year low of $117.58 and a 1 year high of $247.11. The firm has a market cap of $9.27 billion, a PE ratio of 71.97, a price-to-earnings-growth ratio of 2.83 and a beta of 1.64. The company has a 50 day simple moving average of $212.52 and a 200 day simple moving average of $196.02.

Wix.com declared that its Board of Directors has approved a share repurchase program on Thursday, February 27th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About Wix.com

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.