Strs Ohio Has $12.94 Million Stock Holdings in Wix.com Ltd. $WIX

Strs Ohio lowered its stake in Wix.com Ltd. (NASDAQ:WIX) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,835 shares of the information services provider’s stock after selling 14,416 shares during the quarter. Strs Ohio owned approximately 0.13% of Wix.com worth $12,938,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Olympiad Research LP acquired a new position in shares of Wix.com during the 3rd quarter worth approximately $286,000. Mizuho Markets Americas LLC bought a new position in shares of Wix.com in the third quarter valued at $399,000. Massachusetts Financial Services Co. MA acquired a new position in Wix.com during the third quarter worth $54,314,000. Evergreen Capital Management LLC bought a new stake in Wix.com during the third quarter worth $245,000. Finally, TD Private Client Wealth LLC lifted its stake in Wix.com by 32.7% in the third quarter. TD Private Client Wealth LLC now owns 792 shares of the information services provider’s stock valued at $141,000 after acquiring an additional 195 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Trading Up 4.6%

Wix.com stock opened at $88.48 on Monday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.78 and a beta of 1.42. Wix.com Ltd. has a 12 month low of $75.00 and a 12 month high of $247.11. The stock’s 50 day moving average is $98.64 and its 200-day moving average is $128.76.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WIX. Weiss Ratings restated a “hold (c)” rating on shares of Wix.com in a research note on Wednesday. Raymond James Financial set a $74.00 price target on Wix.com in a research report on Wednesday, January 7th. Morgan Stanley dropped their price objective on Wix.com from $181.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. B. Riley reiterated a “buy” rating and set a $200.00 target price (down from $230.00) on shares of Wix.com in a research note on Thursday, November 20th. Finally, Citigroup decreased their target price on Wix.com from $197.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.86.

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.