Envestnet Asset Management Inc. Sells 2,924 Shares of Wix.com Ltd. (NASDAQ:WIX)

Envestnet Asset Management Inc. trimmed its stake in shares of Wix.com Ltd. (NASDAQ:WIXGet Rating) by 14.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,984 shares of the information services provider’s stock after selling 2,924 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Wix.com were worth $1,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WIX. Steward Partners Investment Advisory LLC grew its stake in shares of Wix.com by 105.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 640 shares of the information services provider’s stock worth $67,000 after buying an additional 328 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Wix.com by 93.5% during the first quarter. Captrust Financial Advisors now owns 681 shares of the information services provider’s stock worth $71,000 after buying an additional 329 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Wix.com during the first quarter worth $100,000. Quadrant Capital Group LLC grew its stake in shares of Wix.com by 111.4% during the first quarter. Quadrant Capital Group LLC now owns 1,036 shares of the information services provider’s stock worth $108,000 after buying an additional 546 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Wix.com by 10,890.0% in the second quarter. Whittier Trust Co. now owns 1,099 shares of the information services provider’s stock worth $72,000 after purchasing an additional 1,089 shares during the last quarter. Institutional investors own 99.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on WIX shares. Royal Bank of Canada boosted their price objective on shares of Wix.com from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 11th. StockNews.com raised shares of Wix.com from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. JPMorgan Chase & Co. started coverage on shares of Wix.com in a research note on Friday, November 11th. They issued a “neutral” rating and a $84.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Wix.com from $81.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11th. Finally, Barclays upped their price target on shares of Wix.com to $78.00 in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Wix.com presently has a consensus rating of “Hold” and a consensus target price of $110.25.

Wix.com Trading Up 1.2 %

Shares of NASDAQ WIX opened at $84.86 on Thursday. The firm’s 50-day moving average price is $79.35 and its 200-day moving average price is $70.27. Wix.com Ltd. has a 1-year low of $53.12 and a 1-year high of $171.77. The firm has a market capitalization of $4.86 billion, a P/E ratio of -9.84 and a beta of 1.07.

About Wix.com

(Get Rating)

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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