Baillie Gifford & Co. Sells 91,790 Shares of Wix.com Ltd. $WIX

Baillie Gifford & Co. decreased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,892,145 shares of the information services provider’s stock after selling 91,790 shares during the quarter. Baillie Gifford & Co. owned approximately 5.15% of Wix.com worth $513,732,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Blue Trust Inc. raised its stake in Wix.com by 47.8% during the 2nd quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 132 shares during the period. Penserra Capital Management LLC purchased a new position in Wix.com in the 2nd quarter worth approximately $77,000. TD Private Client Wealth LLC boosted its stake in 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 worth $95,000 after purchasing an additional 121 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Wix.com by 508.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 779 shares of the information services provider’s stock valued at $123,000 after buying an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on WIX shares. UBS Group reissued an “overweight” rating on shares of Wix.com in a report on Thursday, December 11th. JMP Securities set a $185.00 price target on shares of Wix.com in a research note on Thursday, November 20th. Wall Street Zen lowered Wix.com from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Scotiabank reduced their target price on Wix.com from $255.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 20th. Finally, Barclays dropped their price target on Wix.com from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen 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, Wix.com has an average rating of “Moderate Buy” and an average price target of $163.86.

Wix.com Price Performance

Shares of WIX stock opened at $88.48 on Friday. The company has a market cap of $4.96 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.66 and a beta of 1.42. Wix.com Ltd. has a 1 year low of $75.00 and a 1 year high of $247.11. The stock’s 50 day simple moving average is $98.64 and its two-hundred day simple moving average is $129.19.

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.