Asset Management One Co. Ltd. lowered its stake in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,373 shares of the information services provider’s stock after selling 227 shares during the period. Asset Management One Co. Ltd.’s holdings in Wix.com were worth $2,672,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WIX. HighMark Wealth Management LLC purchased a new stake in shares of Wix.com during the fourth quarter worth about $26,000. Quarry LP acquired a new stake in shares of Wix.com during the second quarter worth $29,000. UniSuper Management Pty Ltd purchased a new stake in shares of Wix.com in the second quarter valued at $31,000. BluePath Capital Management LLC purchased a new stake in Wix.com in the third quarter valued at approximately $37,000. Finally, Headlands Technologies LLC acquired a new position in Wix.com during the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.
Wix.com Price Performance
Shares of WIX stock opened at $127.14 on Friday. The company’s fifty day moving average price is $135.26 and its two-hundred day moving average price is $114.86. The firm has a market capitalization of $7.08 billion, a P/E ratio of 231.16, a P/E/G ratio of 4.52 and a beta of 1.33. Wix.com Ltd. has a 12 month low of $73.39 and a 12 month high of $146.21.
Analyst Ratings Changes
WIX has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Wix.com in a research note on Wednesday, February 21st. Barclays upped their price target on Wix.com from $147.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. B. Riley lifted their price objective on Wix.com from $120.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Benchmark increased their target price on shares of Wix.com from $132.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Raymond James initiated coverage on shares of Wix.com in a research report on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $142.00.
Check Out Our Latest Stock Report on Wix.com
Wix.com Company Profile
Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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