Wix.com Ltd. (WIX) Shares Sold by Suntrust Banks Inc.

Suntrust Banks Inc. decreased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,889 shares of the information services provider’s stock after selling 1,686 shares during the period. Suntrust Banks Inc.’s holdings in Wix.com were worth $479,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Westpac Banking Corp bought a new stake in shares of Wix.com in the 1st quarter worth $137,000. BT Investment Management Ltd bought a new stake in shares of Wix.com in the 2nd quarter worth $141,000. Eqis Capital Management Inc. bought a new stake in shares of Wix.com in the 2nd quarter worth $207,000. Legal & General Group Plc increased its holdings in shares of Wix.com by 500.0% in the 1st quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock worth $245,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Wix.com in the 1st quarter worth $265,000. 69.96% of the stock is owned by institutional investors and hedge funds.

Wix.com Ltd. (NASDAQ WIX) opened at 68.45 on Wednesday. The stock’s market capitalization is $3.11 billion. The stock has a 50 day moving average price of $66.92 and a 200-day moving average price of $70.41. Wix.com Ltd. has a 1-year low of $38.65 and a 1-year high of $86.15.

Wix.com (NASDAQ:WIX) last released its earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.16). The company had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $101.93 million. During the same quarter last year, the firm posted ($0.09) earnings per share. Wix.com’s revenue for the quarter was up 50.7% compared to the same quarter last year. Equities research analysts expect that Wix.com Ltd. will post $0.23 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/11/wix-com-ltd-wix-shares-sold-by-suntrust-banks-inc.html.

A number of analysts have commented on WIX shares. BidaskClub lowered Wix.com from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Barclays PLC reissued a “buy” rating and issued a $77.00 target price on shares of Wix.com in a report on Wednesday, August 2nd. Zacks Investment Research lowered Wix.com from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Jefferies Group LLC started coverage on Wix.com in a report on Thursday, August 24th. They issued a “buy” rating and a $74.00 target price for the company. Finally, SunTrust Banks, Inc. started coverage on Wix.com in a report on Tuesday, August 15th. They issued a “buy” rating and a $73.00 target price for the company. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $74.87.

About Wix.com

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online

Other institutional investors have also bought and sold shares of the company. Westpac Banking Corp bought a new stake in shares of Wix.com in the 1st quarter worth $137,000. BT Investment Management Ltd bought a new stake in shares of Wix.com in the 2nd quarter worth $141,000. Eqis Capital Management Inc. bought a new stake in shares of Wix.com in the 2nd quarter worth $207,000. Legal & General Group Plc increased its holdings in shares of Wix.com by 500.0% in the 1st quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock worth $245,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Wix.com in the 1st quarter worth $265,000. 69.96% of the stock is owned by institutional investors and hedge funds.

Wix.com Ltd. (NASDAQ WIX) opened at 68.45 on Wednesday. The stock’s market capitalization is $3.11 billion. The stock has a 50 day moving average price of $66.92 and a 200-day moving average price of $70.41. Wix.com Ltd. has a 1-year low of $38.65 and a 1-year high of $86.15.

Wix.com (NASDAQ:WIX) last released its earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.16). The company had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $101.93 million. During the same quarter last year, the firm posted ($0.09) earnings per share. Wix.com’s revenue for the quarter was up 50.7% compared to the same quarter last year. Equities research analysts expect that Wix.com Ltd. will post $0.23 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/11/wix-com-ltd-wix-shares-sold-by-suntrust-banks-inc.html.

A number of analysts have commented on WIX shares. BidaskClub lowered Wix.com from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Barclays PLC reissued a “buy” rating and issued a $77.00 target price on shares of Wix.com in a report on Wednesday, August 2nd. Zacks Investment Research lowered Wix.com from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Jefferies Group LLC started coverage on Wix.com in a report on Thursday, August 24th. They issued a “buy” rating and a $74.00 target price for the company. Finally, SunTrust Banks, Inc. started coverage on Wix.com in a report on Tuesday, August 15th. They issued a “buy” rating and a $73.00 target price for the company. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $74.87.

About Wix.com

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

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

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