BlackRock Discloses Passive Stake in Wix.com Ltd. as of Dec 31, 2023
Ticker: WIX · Form: SC 13G · Filed: Feb 2, 2024 · CIK: 1576789
| Field | Detail |
|---|---|
| Company | Wix.Com Ltd. (WIX) |
| Form Type | SC 13G |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock still owns Wix, signaling institutional confidence.**
AI Summary
BlackRock, Inc. has filed an SC 13G indicating its ownership of Wix.com Ltd. common stock as of December 31, 2023. This filing, made on February 2, 2024, shows BlackRock's significant, but passive, stake in the web development platform company. This matters to investors because BlackRock is one of the world's largest asset managers, and their continued holding signals confidence in Wix's long-term prospects, potentially influencing other institutional and retail investors.
Why It Matters
BlackRock's continued ownership in Wix.com Ltd. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate change in company control or strategy.
Analyst Insight
Smart investors should view this as a routine disclosure of a large institutional holding, reinforcing that Wix.com Ltd. is on the radar of major asset managers. It doesn't signal an immediate buy or sell, but rather a stable institutional presence.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Wix.com Ltd. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Wix.com Ltd. throughout 2024. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically designated under Rule 13d-1(b) as indicated by the 'X' in the appropriate box.
Which company is the subject of this filing?
The subject company of this filing is Wix.com Ltd., identified by the Central Index Key (CIK) 0001576789.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., identified by the Central Index Key (CIK) 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
What is the SEDOL Number for the class of securities reported?
The SEDOL Number for the Common Stock of Wix.com Ltd. is BFZCHN7.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 2, 2024 regarding Wix.com Ltd. (WIX).