US Bancorp DE Has $870,000 Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

US Bancorp DE boosted its stake in Wix.com Ltd. (NASDAQ:WIXFree Report) by 105.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,076 shares of the information services provider’s stock after buying an additional 3,637 shares during the quarter. US Bancorp DE’s holdings in Wix.com were worth $870,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WIX. HighMark Wealth Management LLC acquired a new stake in Wix.com during the fourth quarter valued at $26,000. Headlands Technologies LLC bought a new stake in shares of Wix.com in the 3rd quarter valued at approximately $45,000. Principal Securities Inc. acquired a new position in Wix.com in the fourth quarter worth approximately $93,000. Ieq Capital LLC bought a new position in Wix.com during the fourth quarter valued at approximately $214,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Wix.com in the fourth quarter valued at approximately $233,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Down 1.2 %

Wix.com stock opened at $164.67 on Wednesday. Wix.com Ltd. has a 12 month low of $73.39 and a 12 month high of $174.09. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 144.45, a price-to-earnings-growth ratio of 3.94 and a beta of 1.46. The business has a 50 day moving average price of $137.01 and a two-hundred day moving average price of $128.56.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of recent research reports. Raymond James started coverage on shares of Wix.com in a report on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price target on the stock. Benchmark boosted their price target on Wix.com from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, May 25th. Barclays raised their price objective on Wix.com from $160.00 to $184.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Finally, Oppenheimer upped their target price on Wix.com from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $172.24.

Check Out Our Latest Analysis on Wix.com

About Wix.com

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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