Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its holdings in Wix.com Ltd. (NASDAQ:WIXFree Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,858 shares of the information services provider’s stock after selling 100 shares during the period. Bank of Nova Scotia’s holdings in Wix.com were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Crescent Park Management L.P. boosted its stake in Wix.com by 16.5% in the fourth quarter. Crescent Park Management L.P. now owns 106,886 shares of the information services provider’s stock valued at $13,149,000 after acquiring an additional 15,131 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Wix.com by 2.7% in the fourth quarter. TD Asset Management Inc now owns 14,913 shares of the information services provider’s stock valued at $1,835,000 after buying an additional 386 shares during the last quarter. US Bancorp DE boosted its stake in shares of Wix.com by 105.8% during the fourth quarter. US Bancorp DE now owns 7,076 shares of the information services provider’s stock worth $870,000 after buying an additional 3,637 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Wix.com during the fourth quarter worth about $244,000. Finally, Trexquant Investment LP boosted its stake in shares of Wix.com by 7.1% during the fourth quarter. Trexquant Investment LP now owns 58,062 shares of the information services provider’s stock worth $7,143,000 after buying an additional 3,830 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Down 3.6 %

WIX stock opened at $169.60 on Monday. The firm has a 50 day moving average of $139.15 and a 200-day moving average of $130.16. Wix.com Ltd. has a 12-month low of $73.39 and a 12-month high of $178.65. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 148.77, a PEG ratio of 4.01 and a beta of 1.46.

Analyst Ratings Changes

WIX has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Wix.com from $143.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Wix.com from $148.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. Citigroup raised their price objective on shares of Wix.com from $175.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Jefferies Financial Group raised their price objective on shares of Wix.com from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, May 20th. Finally, Royal Bank of Canada raised their price objective on shares of Wix.com from $160.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and an average target price of $175.59.

View Our Latest Research Report on WIX

Wix.com Profile

(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.

Featured Articles

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

Receive News & Ratings for Wix.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com and related companies with MarketBeat.com's FREE daily email newsletter.