Bank of New York Mellon Corp Purchases 207 Shares of Wix.com Ltd. (NASDAQ:WIX)

Bank of New York Mellon Corp raised its stake in Wix.com Ltd. (NASDAQ:WIX) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,829 shares of the information services provider’s stock after buying an additional 207 shares during the quarter. Bank of New York Mellon Corp owned about 0.22% of Wix.com worth $20,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Procyon Advisors LLC raised its position in shares of Wix.com by 5.1% during the first quarter. Procyon Advisors LLC now owns 1,385 shares of the information services provider’s stock worth $226,000 after acquiring an additional 67 shares during the last quarter. Bessemer Group Inc. increased its stake in Wix.com by 9.7% in the 4th quarter. Bessemer Group Inc. now owns 871 shares of the information services provider’s stock worth $188,000 after acquiring an additional 77 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Wix.com by 4.9% in the 1st quarter. Yousif Capital Management LLC now owns 1,833 shares of the information services provider’s stock worth $299,000 after purchasing an additional 85 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Wix.com by 1.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,424 shares of the information services provider’s stock valued at $1,402,000 after acquiring an additional 96 shares during the period. Finally, Korea Investment CORP lifted its holdings in Wix.com by 0.5% in the 4th quarter. Korea Investment CORP now owns 20,528 shares of the information services provider’s stock worth $4,404,000 after buying an additional 100 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WIX. Wall Street Zen lowered Wix.com from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 13th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of Wix.com in a report on Wednesday, May 21st. Robert W. Baird raised Wix.com from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $215.00 to $190.00 in a research report on Friday, May 23rd. Baird R W raised shares of Wix.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 23rd. Finally, B. Riley restated a “buy” rating and set a $230.00 price target (down previously from $240.00) on shares of Wix.com in a report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $228.95.

Wix.com Price Performance

Shares of WIX stock opened at $154.71 on Friday. The stock has a 50-day moving average of $159.86 and a 200-day moving average of $182.08. Wix.com Ltd. has a one year low of $137.94 and a one year high of $247.11. The stock has a market cap of $8.68 billion, a PE ratio of 61.64, a price-to-earnings-growth ratio of 2.44 and a beta of 1.31.

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.