Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,704 shares of the information services provider’s stock after acquiring an additional 2,657 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.20% of Wix.com worth $13,742,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Senvest Management LLC raised its holdings in shares of Wix.com by 194.2% during the 3rd quarter. Senvest Management LLC now owns 605,937 shares of the information services provider’s stock valued at $55,625,000 after purchasing an additional 399,944 shares in the last quarter. Clearbridge Investments LLC increased its position in Wix.com by 43.5% during the third quarter. Clearbridge Investments LLC now owns 1,086,704 shares of the information services provider’s stock worth $99,759,000 after buying an additional 329,561 shares during the last quarter. Shannon River Fund Management LLC bought a new position in Wix.com during the third quarter valued at about $29,590,000. Allspring Global Investments Holdings LLC raised its holdings in Wix.com by 5,893.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 263,012 shares of the information services provider’s stock valued at $24,145,000 after buying an additional 258,624 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Wix.com by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,093,569 shares of the information services provider’s stock worth $100,390,000 after acquiring an additional 105,026 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.
Wix.com Trading Up 0.1 %
Shares of NASDAQ:WIX opened at $121.54 on Tuesday. The business’s 50 day moving average is $134.28 and its 200-day moving average is $116.62. The firm has a market capitalization of $6.76 billion, a PE ratio of 220.98, a PEG ratio of 4.18 and a beta of 1.33. Wix.com Ltd. has a 1-year low of $73.39 and a 1-year high of $146.21.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Benchmark raised their price objective on Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Raymond James initiated coverage on shares of Wix.com in a report on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price objective for the company. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Royal Bank of Canada upped their price target on shares of Wix.com from $135.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley dropped their price objective on Wix.com from $157.00 to $143.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.29.
Read Our Latest Stock Report on WIX
About Wix.com
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; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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