Steadfast Capital Management LP Holding in Wix Com LTD (WIX) Lifted by $20.57 Million

May 17, 2018 - By Alfred Lee

Wix.com Ltd. (NASDAQ:WIX) LogoInvestors sentiment decreased to 0.84 in 2017 Q4. Its down 0.12, from 0.96 in 2017Q3. It turned negative, as 29 investors sold WIX shares while 35 reduced holdings. 20 funds opened positions while 34 raised stakes. 33.68 million shares or 1.29% less from 34.13 million shares in 2017Q3 were reported. 1,171 are owned by Bnp Paribas Arbitrage. Citigroup has invested 0.02% in Wix.com Ltd. (NASDAQ:WIX). Advsr Asset Inc reported 0.01% in Wix.com Ltd. (NASDAQ:WIX). Commercial Bank Of Montreal Can has invested 0% of its portfolio in Wix.com Ltd. (NASDAQ:WIX). Gru One Trading LP invested 0.01% in Wix.com Ltd. (NASDAQ:WIX). 40,157 are held by Citadel Lc. Goldman Sachs Group Incorporated accumulated 155,148 shares. Public Employees Retirement Association Of Colorado owns 19,700 shares. Macquarie Grp stated it has 267,184 shares or 0.03% of all its holdings. Wellington Mgmt Gru Llp holds 93,594 shares or 0% of its portfolio. 194,176 were reported by Wells Fargo Mn. Spark Invest Mngmt Limited Company accumulated 0.4% or 128,500 shares. Swiss Savings Bank, Switzerland-based fund reported 57,000 shares. 19,220 are owned by Utd Services Automobile Association. Cap Ww Investors reported 0.01% stake.

Robert Pitts increased its stake in Wix Com Ltd (WIX) by 9.96% based on its latest 2017Q4 regulatory filing with the SEC. Steadfast Capital Management Lp bought 360,931 shares as the company’s stock rose 30.39% while stock markets declined. The hedge fund run by Robert Pitts held 3.99 million shares of the programming company at the end of 2017Q4, valued at $229.38 million, up from 3.62M at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Wix Com Ltd for a number of months, seems to be bullish on the $4.11 billion market cap company. The stock increased 1.39% or $1.2 during the last trading session, reaching $87.65. About 149,164 shares traded. Wix.com Ltd. (NASDAQ:WIX) has risen 17.38% since May 17, 2017 and is uptrending. It has outperformed by 5.83% the S&P500.

Steadfast Capital Management Lp, which manages about $8.17 billion and $6.39B US Long portfolio, decreased its stake in Activision Blizzard Inc (NASDAQ:ATVI) by 1.22M shares to 3.34M shares, valued at $211.64 million in 2017Q4, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 300,446 shares in the quarter, leaving it with 1.05 million shares, and cut its stake in Iac Interactivecorp (NASDAQ:IACI).

More notable recent Wix.com Ltd. (NASDAQ:WIX) news were published by: Seekingalpha.com which released: “Wix.Com Ltd’s (WIX) CEO Avishai Abrahami on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018, also Investorplace.com with their article: “Smoking Hot Wix.Com Ltd. Can’t Keep Flying Forever” published on April 23, 2018, Investorplace.com published: “Square Inc Weebly Buy Could Be Red Flag On International Revenue Streams” on April 30, 2018. More interesting news about Wix.com Ltd. (NASDAQ:WIX) were released by: Globes.Co.Il and their article: “Wix revenue jumps 49%” published on May 09, 2018 as well as Investorplace.com‘s news article titled: “Small Business Sellers Are Another Growth Driver for Amazon” with publication date: May 09, 2018.

Wix.com Ltd. (NASDAQ:WIX) Ratings Coverage

Among 11 analysts covering Wix.com Ltd (NASDAQ:WIX), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Wix.com Ltd had 14 analyst reports since January 4, 2018 according to SRatingsIntel. Wedbush maintained the shares of WIX in report on Thursday, February 15 with “Hold” rating. The rating was maintained by Jefferies with “Buy” on Monday, May 7. The stock of Wix.com Ltd. (NASDAQ:WIX) has “Buy” rating given on Sunday, March 25 by KeyBanc Capital Markets. Raymond James upgraded the stock to “Buy” rating in Thursday, January 4 report. The stock of Wix.com Ltd. (NASDAQ:WIX) has “Buy” rating given on Thursday, February 15 by Needham. As per Thursday, May 10, the company rating was downgraded by Raymond James. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, March 19 report. On Wednesday, February 21 the stock rating was maintained by Citigroup with “Neutral”. Barclays Capital maintained it with “Overweight” rating and $91 target in Tuesday, May 1 report. The firm has “Buy” rating by Northland Capital given on Wednesday, April 18.

Wix.com Ltd. (NASDAQ:WIX) Ratings Chart

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