Senvest Management LLC, an institutional investor, has increased its stake in Wix.com Ltd. (NASDAQ:WIX) by 27.4% during the fourth quarter. The fund acquired an additional 166,254 shares, bringing its total ownership to 772,191 shares of Wix.com. This makes Wix.com the 12th largest position in Senvest Management's investment portfolio. Wix.com's stock is currently trading at $135.30, with a 12-month low of $73.39 and a 12-month high of $146.21. The company has a market capitalization of $7.53 billion and a price-to-earnings ratio of 246.00. Analysts forecast that Wix.com will post earnings per share of $1.16 for the current year [278378e8].
In addition to increasing its stake in Wix.com, Senvest Management also made significant reductions in its positions in Boston Properties, Inc. (NYSE:BXP) and Criteo S.A. (NASDAQ:CRTO) during the fourth quarter. Senvest Management sold 201,712 shares of Boston Properties, reducing its position by 6.6%. Boston Properties is now the 3rd largest position in Senvest's portfolio, with a total of 2,834,175 shares. The company reported disappointing earnings per share (EPS) of $0.76 for the quarter, falling short of the consensus estimate of $1.81. Senvest Management also reduced its holdings in Criteo S.A. by 10.4%, selling 330,448 shares. Criteo now accounts for approximately 2.8% of Senvest Management's investment portfolio. Criteo reported earnings per share (EPS) of $1.24 for the quarter, beating the consensus estimate of $0.94 [df3c4df5].
Meanwhile, Kent Lake Capital LLC acquired 196,611 shares of Vestis Co. (NYSE:VSTS) valued at $4.16 million. Vestis accounts for 1.6% of Kent Lake Capital LLC's investment portfolio. CEO Kim Scott bought 15,000 shares of Vestis stock at an average cost of $19.14 per share. Vestis is a uniform rentals and workplace supplies company. Several brokerages have commented on VSTS, with a consensus rating of 'Moderate Buy' and an average price target of $22.56 [453f51da].
Eventide Asset Management LLC increased its holdings in Vistra Corp. (NYSE:VST) by 158.9% in the fourth quarter, according to its Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 292,907 shares of Vistra Corp. worth $11,283,000. Other hedge funds and institutional investors have also modified their holdings of the company. Vistra Corp. has a market capitalization of $30.43 billion and a 52-week low of $24.70 and a 52-week high of $107.24. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.39). Vistra Corp. will pay a quarterly dividend of $0.218 per share on June 28th, an increase from its previous dividend of $0.22. Several analysts have given Vistra Corp. a 'buy' rating and a consensus price target of $87.83. Director Lisa Crutchfield acquired 335 shares of Vistra Corp. stock at an average price of $89.46 per share, for a total transaction of $29,969.10. Insiders own 1.42% of the company's stock. [53f5d1b9]
In other news, Shutterstock, Inc. announced that it entered into a definitive agreement to acquire Envato Pty Ltd., a leader in digital creative assets and templates. Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates, and more. The acquisition is seen as an opportunity for Shutterstock to serve a growing customer need for an unlimited multi-asset subscription. Following the announcement, Shutterstock's stock price fell by 3.8% to $40.82 [1c83d632].