Envestnet Asset Management Inc. Has $5.75 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Envestnet Asset Management Inc. increased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 27.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,177 shares of the information services provider’s stock after buying an additional 7,507 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Wix.com worth $5,747,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. purchased a new position in Wix.com in the fourth quarter worth $114,000. Tower Research Capital LLC TRC raised its position in Wix.com by 44.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider’s stock worth $135,000 after acquiring an additional 193 shares during the period. Versant Capital Management Inc grew its position in shares of Wix.com by 676.1% during the 1st quarter. Versant Capital Management Inc now owns 714 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 622 shares during the period. Bessemer Group Inc. increased its stake in shares of 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 last quarter. Finally, Ellevest Inc. bought a new stake in shares of Wix.com in the 4th quarter worth approximately $204,000. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $154.57 on Thursday. The business’s fifty day moving average price is $157.70 and its two-hundred day moving average price is $180.35. 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 $8.67 billion, a PE ratio of 61.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America dropped their target price on shares of Wix.com from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of Wix.com in a report on Wednesday, June 18th. Barclays reissued an “overweight” rating and issued a $240.00 target price on shares of Wix.com in a research report on Wednesday, July 16th. Citigroup dropped their price target on Wix.com from $280.00 to $238.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, UBS Group decreased their price objective on Wix.com from $255.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com has a consensus rating of “Buy” and a consensus target price of $228.95.

Wix.com Company 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.