5 Tech Stock Picks of Seth Wunder’s Black-And-White Capital

4. Wix.com Ltd. (NASDAQ:WIX)

Black-And-White Capital’s Stake Value: $51,989,000
Percentage of Black-And-White Capital’s 13F Portfolio: 5.37%
Number of Hedge Fund Holders: 35

Wix.com Ltd. (NASDAQ:WIX) is an Israeli software firm that specializes in cloud-based web development. Wix.com Ltd. (NASDAQ:WIX) beat market expectations on earnings per share by $0.13 in the second quarter. It is placed fourth on the list of 10 tech stock picks of Seth Wunder’s Black-And-White Capital.

In September, Piper Sandler analyst Clarke Jeffries initiated coverage of Wix.com Ltd. (NASDAQ:WIX), rating the stock as “Neutral” and gave a price target of $252.

Baron Funds, an investment management firm, in its fourth-quarter 2020 investor letter, mentioned Wix.com Ltd. (NASDAQ:WIX). Here is what the fund said:

“Weakness in IT was largely due to share price declines from web software firm Wix.com Ltd. After doubling during the first three quarters of 2020, Wix’s shares fell slightly on concerns that its business, which benefited from increased website creation during the pandemic, could eventually moderate.”