Wix.com Ltd. $WIX Stock Holdings Increased by GDS Wealth Management

GDS Wealth Management boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,047 shares of the information services provider’s stock after purchasing an additional 7,727 shares during the period. GDS Wealth Management owned approximately 0.13% of Wix.com worth $13,153,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of 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 valued at $266,000 after acquiring an additional 436 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Wix.com by 9.7% in the 1st quarter. Woodline Partners LP now owns 2,292 shares of the information services provider’s stock worth $374,000 after acquiring an additional 202 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after purchasing an additional 215 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Wix.com by 22.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,842 shares of the information services provider’s stock valued at $467,000 after purchasing an additional 528 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Wix.com by 25.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 597 shares of the information services provider’s stock valued at $95,000 after purchasing an additional 121 shares during the period. 81.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WIX. Oppenheimer cut their price objective on Wix.com from $220.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Morgan Stanley cut their price target on shares of Wix.com from $181.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Scotiabank lowered their price objective on shares of Wix.com from $255.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 20th. Finally, UBS Group reissued an “overweight” rating on shares of Wix.com in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.86.

Wix.com Trading Up 4.6%

NASDAQ WIX opened at $88.48 on Friday. Wix.com Ltd. has a 1-year low of $75.00 and a 1-year high of $247.11. The firm’s fifty day simple moving average is $98.64 and its 200-day simple moving average is $128.96. The company has a market capitalization of $4.96 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.78 and a beta of 1.42.

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.