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

On February 17, 2026, Foxhaven Asset Management disclosed it sold out its entire stake in Wix.com (NASDAQ:WIX), an estimated $122.39 million trade based on previously disclosed position values.According to a SEC filing dated February 17, 2026, Foxhaven Asset Management liquidated its holding in Wix.com (NASDAQ:WIX), selling 689,041 shares. The shares had been worth $122.39 million as of the prior quarter’s end.Wix.com leverages a scalable subscription model and a broad ecosystem of integrated services to drive recurring revenue and customer engagement. Its competitive advantage lies in its user-friendly platform, extensive feature set, and ability to address the diverse needs of businesses and creators in the digital economy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool