Allspring Global Investments Holdings LLC Lowers Position in Wix.com Ltd. $WIX

Allspring Global Investments Holdings LLC lessened its stake in Wix.com Ltd. (NASDAQ:WIX) by 25.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 34,171 shares of the information services provider’s stock after selling 11,609 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Wix.com worth $6,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC increased its stake in Wix.com by 20.4% during the first quarter. Vident Advisory LLC now owns 1,228 shares of the information services provider’s stock worth $201,000 after purchasing an additional 208 shares during the period. Advisors Asset Management Inc. lifted its stake in Wix.com by 28.4% in the first quarter. Advisors Asset Management Inc. now owns 493 shares of the information services provider’s stock worth $81,000 after acquiring an additional 109 shares during the last quarter. AQR Capital Management LLC grew its holdings in Wix.com by 36.6% during the 1st quarter. AQR Capital Management LLC now owns 1,627 shares of the information services provider’s stock worth $266,000 after acquiring an additional 436 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Wix.com by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 761,566 shares of the information services provider’s stock worth $124,425,000 after buying an additional 155,977 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Wix.com in the 1st quarter valued at $287,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Stock Down 0.1%

WIX opened at $101.25 on Wednesday. The business’s fifty day simple moving average is $111.10 and its 200 day simple moving average is $135.49. Wix.com Ltd. has a 52 week low of $92.23 and a 52 week high of $247.11. The firm has a market cap of $5.68 billion, a P/E ratio of 43.27, a PEG ratio of 3.20 and a beta of 1.42.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citizens Jmp cut their target price on Wix.com from $210.00 to $185.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 20th. Benchmark cut their price objective on shares of Wix.com from $230.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. UBS Group reaffirmed an “overweight” rating on shares of Wix.com in a report on Thursday, December 11th. Wall Street Zen lowered shares of Wix.com from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, B. Riley restated a “buy” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Wix.com in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.67.

Wix.com Company Profile

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.