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31,399 Shares in Wix.com Ltd. $WIX Acquired by Picton Mahoney Asset Management
Picton Mahoney Asset Management recently acquired 31,399 shares of Wix.com Ltd. (NASDAQ:WIX), valued at approximately $5.58 million, making it a new institutional stakeholder in the company. Wix notably exceeded Q4 EPS estimates but slightly missed revenue, while also authorizing a $2.0 billion share repurchase program and securing a $250 million private placement. Analysts currently rate Wix as a “Moderate Buy” with an average price target of $155.35, despite recent stock declines and price target trims from several firms.