Harel Insurance Investments & Financial Services Ltd. Decreases Holdings in Wix.com Ltd. $WIX

Harel Insurance Investments & Financial Services Ltd. trimmed its stake in Wix.com Ltd. (NASDAQ:WIX) by 44.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,697 shares of the information services provider’s stock after selling 13,220 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Wix.com were worth $2,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WIX. Lone Pine Capital LLC purchased a new position in Wix.com in the second quarter valued at approximately $342,485,000. Acadian Asset Management LLC lifted its position in shares of Wix.com by 0.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,119,805 shares of the information services provider’s stock valued at $335,852,000 after buying an additional 7,729 shares during the last quarter. Senvest Management LLC grew its stake in shares of Wix.com by 32.2% during the 2nd quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after acquiring an additional 496,770 shares during the period. Ameriprise Financial Inc. increased its holdings in Wix.com by 879.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,031,591 shares of the information services provider’s stock worth $321,926,000 after acquiring an additional 1,824,070 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Wix.com by 27.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,542,153 shares of the information services provider’s stock valued at $244,368,000 after acquiring an additional 331,283 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Wix.com stock opened at $80.16 on Friday. Wix.com Ltd. has a fifty-two week low of $80.06 and a fifty-two week high of $247.11. The stock has a market cap of $4.50 billion, a P/E ratio of 34.26, a PEG ratio of 2.53 and a beta of 1.42. The firm’s fifty day moving average price is $103.44 and its 200-day moving average price is $131.83.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WIX. Barclays cut their target price on shares of Wix.com from $235.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Zacks Research downgraded shares of Wix.com from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Citigroup lowered their target price on shares of Wix.com from $197.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Cantor Fitzgerald increased their target price on Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, Benchmark reduced their price target on Wix.com from $230.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.95.

Wix.com 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.