Treasurer of the State of North Carolina Buys 920 Shares of Wix.com Ltd. (NASDAQ:WIX)

Treasurer of the State of North Carolina lifted its stake in Wix.com Ltd. (NASDAQ:WIX – Get Rating) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,927 shares of the information services provider’s stock after buying an additional 920 shares during the period. Treasurer of the State of North Carolina’s holdings in Wix.com were worth $1,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. lifted its stake in Wix.com by 29.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 600 shares of the information services provider’s stock worth $46,000 after purchasing an additional 135 shares during the period. Alaska Permanent Fund Corp lifted its stake in Wix.com by 50.8% during the fourth quarter. Alaska Permanent Fund Corp now owns 55,930 shares of the information services provider’s stock worth $4,297,000 after purchasing an additional 18,836 shares during the period. Raymond James & Associates lifted its stake in Wix.com by 12.4% during the fourth quarter. Raymond James & Associates now owns 25,896 shares of the information services provider’s stock worth $1,990,000 after purchasing an additional 2,866 shares during the period. Duality Advisers LP bought a new position in Wix.com during the fourth quarter worth about $3,429,000. Finally, Fox Run Management L.L.C. lifted its stake in Wix.com by 17.3% during the fourth quarter. Fox Run Management L.L.C. now owns 8,875 shares of the information services provider’s stock worth $682,000 after purchasing an additional 1,312 shares during the period. Institutional investors own 91.90% of the company’s stock.

Wix.com Stock Down 3.2 %

Shares of WIX opened at $78.09 on Friday. Wix.com Ltd. has a 12 month low of $53.12 and a 12 month high of $101.55. The firm’s 50 day moving average is $87.92 and its 200-day moving average is $85.37.

Wix.com (NASDAQ:WIX – Get Rating) last issued its earnings results on Wednesday, February 22nd. The information services provider reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.39. The company had revenue of $355.04 million during the quarter, compared to analyst estimates of $351.69 million. As a group, research analysts anticipate that Wix.com Ltd. will post -2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WIX has been the subject of a number of research analyst reports. Raymond James upgraded shares of Wix.com from a “market perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research note on Thursday, May 4th. Wolfe Research reiterated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Wix.com in a research note on Thursday, February 23rd. Morgan Stanley lifted their target price on shares of Wix.com from $94.00 to $102.00 and gave the company an “equal weight” rating in a research note on Thursday, February 23rd. Piper Sandler upgraded shares of Wix.com from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $99.00 to $120.00 in a research note on Tuesday, March 21st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $105.00 target price on shares of Wix.com in a research note on Thursday, February 23rd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.50.

About Wix.com

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Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.