Public Employees Retirement Association of Colorado Purchases New Holdings in Wix.com Ltd. (NASDAQ:WIX)

Public Employees Retirement Association of Colorado acquired a new position in Wix.com Ltd. (NASDAQ:WIXFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,581 shares of the information services provider’s stock, valued at approximately $1,548,000.

A number of other institutional investors have also recently bought and sold shares of WIX. Senvest Management LLC boosted its holdings in Wix.com by 194.2% in the third quarter. Senvest Management LLC now owns 605,937 shares of the information services provider’s stock worth $55,625,000 after purchasing an additional 399,944 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Wix.com by 43.5% during the 3rd 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 period. Shannon River Fund Management LLC acquired a new position in Wix.com in the 3rd quarter valued at $29,590,000. Norges Bank bought a new position in Wix.com in the 4th quarter worth $34,554,000. Finally, Wellington Management Group LLP lifted its position in 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 during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $168.83 on Tuesday. The business’s fifty day moving average price is $139.78 and its two-hundred day moving average price is $130.67. Wix.com Ltd. has a fifty-two week low of $74.41 and a fifty-two week high of $178.65. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 148.10, a price-to-earnings-growth ratio of 4.01 and a beta of 1.46.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WIX. Barclays raised their price target on Wix.com from $160.00 to $184.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Benchmark upped their price target on Wix.com from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Morgan Stanley raised their price objective 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. Royal Bank of Canada upped their target price on shares of Wix.com from $160.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Finally, JMP Securities raised their price target on shares of Wix.com from $150.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.59.

Read 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.

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

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