Wix.com Ltd. (NASDAQ:WIX) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in Wix.com Ltd. (NASDAQ:WIX) by 58.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,235 shares of the information services provider’s stock after selling 1,763 shares during the period. M&T Bank Corp’s holdings in Wix.com were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Procyon Advisors LLC raised its holdings in Wix.com by 5.1% in the 1st quarter. Procyon Advisors LLC now owns 1,385 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 67 shares during the last quarter. Bessemer Group Inc. boosted its position in Wix.com by 9.7% during the 4th quarter. Bessemer Group Inc. now owns 871 shares of the information services provider’s stock worth $188,000 after purchasing an additional 77 shares during the period. Yousif Capital Management LLC boosted its position in Wix.com by 4.9% during 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 during the period. Nissay Asset Management Corp Japan ADV boosted its position 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 worth $1,402,000 after purchasing an additional 96 shares during the period. Finally, Korea Investment CORP boosted its position in Wix.com by 0.5% during the 4th quarter. Korea Investment CORP now owns 20,528 shares of the information services provider’s stock worth $4,404,000 after purchasing an additional 100 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Baird R W raised shares of Wix.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 23rd. Morgan Stanley decreased their price objective on shares of Wix.com from $276.00 to $207.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada decreased their price objective on shares of Wix.com from $245.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Oppenheimer decreased their price objective on shares of Wix.com from $250.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group decreased their price objective on shares of Wix.com from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has an average rating of “Buy” and an average target price of $228.95.

Wix.com Trading Up 0.2%

Shares of NASDAQ:WIX opened at $155.05 on Friday. The firm’s 50 day moving average is $159.52 and its two-hundred day moving average is $181.67. Wix.com Ltd. has a 52 week low of $137.94 and a 52 week high of $247.11. The firm has a market capitalization of $8.70 billion, a P/E ratio of 61.77, a PEG ratio of 2.47 and a beta of 1.31.

Wix.com Profile

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.