Analyst IMS Investment Management Services Ltd. Has $80.27 Million Holdings in Wix.com Ltd. $WIX

Analyst IMS Investment Management Services Ltd. grew its stake in Wix.com Ltd. (NASDAQ:WIX) by 18.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,914 shares of the information services provider’s stock after buying an additional 71,420 shares during the quarter. Wix.com makes up 2.5% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 6th biggest holding. Analyst IMS Investment Management Services Ltd. owned 0.81% of Wix.com worth $80,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Wix.com by 63.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 170 shares of the information services provider’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Wix.com by 28.4% during the 1st quarter. Advisors Asset Management Inc. now owns 493 shares of the information services provider’s stock valued at $81,000 after buying an additional 109 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Wix.com by 25.4% during the second quarter. TD Private Client Wealth LLC now owns 597 shares of the information services provider’s stock valued at $95,000 after buying an additional 121 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Wix.com by 47.8% in the second quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock worth $65,000 after buying an additional 132 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Wix.com by 0.8% during the second quarter. TD Asset Management Inc now owns 21,218 shares of the information services provider’s stock worth $3,362,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Trading Down 0.6%

Shares of NASDAQ:WIX opened at $104.89 on Tuesday. Wix.com Ltd. has a 12 month low of $92.23 and a 12 month high of $247.11. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 2.08 and a beta of 1.42. The firm’s 50-day moving average is $115.42 and its 200 day moving average is $137.77.

Wall Street Analyst Weigh In

WIX has been the topic of a number of research reports. Cantor Fitzgerald lifted their price target on shares of Wix.com from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. JMP Securities set a $185.00 target price on Wix.com in a report on Thursday, November 20th. Royal Bank Of Canada decreased their target price on Wix.com from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Morgan Stanley cut their price target on Wix.com from $200.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Wix.com in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.67.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.