Wix Stock Down 70% This Past Year as One Fund Discloses $122 Million Exit

3 weeks ago 16

Jonathan Ponciano, The Motley Fool

Fri, February 27, 2026 astatine 9:57 AM CST 3 min read

On February 17, 2026, Foxhaven Asset Management disclosed it sold retired its full involvement successful Wix.com (NASDAQ:WIX), an estimated $122.39 cardinal commercialized based connected antecedently disclosed presumption values.

According to a SEC filing dated February 17, 2026, Foxhaven Asset Management liquidated its holding successful Wix.com (NASDAQ:WIX), selling 689,041 shares. The shares had been worthy $122.39 cardinal arsenic of the anterior quarter’s end.

Top holdings aft the filing:
- NASDAQ:AMZN: $588.68 cardinal (14.5% of AUM)
- NASDAQ:MELI: $563.87 cardinal (13.9% of AUM)
- NYSE:CPNG: $405.76 cardinal (10.0% of AUM)
- NYSE:HLT: $333.95 cardinal (8.2% of AUM)
- NYSE:FERG: $333.51 cardinal (8.2% of AUM)
As of February 17, 2026, shares of Wix.com were priced astatine $68.07, down 70% implicit the past twelvemonth and vastly underperforming the S&P 500’s astir 15% summation successful the aforesaid period.

Metric

Value

Revenue (TTM)	$1.93 billion
Net Income (TTM)	$138.90 million
Market Capitalization	$3.79 billion
Price (as of marketplace adjacent 2/17/26)	$68.07

Wix.com offers a broad suite of cloud-based website instauration and absorption tools, including Wix Editor, Wix ADI, Corvid by Wix, Ascend by Wix, and assorted vertical-specific concern applications.
The steadfast generates gross chiefly done premium subscription plans, value-added services, and outgo processing fees tied to its level ecosystem.
It serves a planetary lawsuit basal of individuals, tiny businesses, and enterprises seeking to found and negociate their online presence.

Wix.com leverages a scalable subscription exemplary and a wide ecosystem of integrated services to thrust recurring gross and lawsuit engagement. Its competitory vantage lies successful its user-friendly platform, extended diagnostic set, and quality to code the divers needs of businesses and creators successful the integer economy.

Operationally, Wix is not unraveling, but it’s been a brutal agelong for galore bundle stocks. Third 4th gross roseate 14% twelvemonth implicit twelvemonth to $505 million, with bookings up 14% to $514.5 million. Creative subscriptions ARR reached $1.46 billion, and the institution generated $127 cardinal successful escaped currency travel successful the quarter. Management adjacent raised full-year bookings guidance to a scope of $2.06 cardinal to $2.08 billion, citing beardown request and momentum from its AI-driven Base44 product, which was connected way for astatine slightest $50 cardinal successful ARR by year’s end.

The valuation disconnect is mostly with expectations. Investors erstwhile paid for hypergrowth, and present they are weighing borderline unit from AI investments and a shifting premix toward longer-term subscription packages, positive what contention whitethorn yet mean for idiosyncratic names.

For diligent investors, the question is astir whether Wix tin prolong treble digit maturation and escaped currency travel portion expanding AI driven tools. If it can, today’s reset could look little similar a informing and much similar a rerating opportunity.

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