Russell Investments Group Ltd. boosted its holdings in Wix.com Ltd. (NASDAQ:WIX – Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,993 shares of the information services provider’s stock after purchasing an additional 3,433 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Wix.com worth $8,450,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC acquired a new position in Wix.com in the fourth quarter valued at approximately $26,000. BluePath Capital Management LLC purchased a new stake in Wix.com in the third quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new stake in Wix.com in the third quarter valued at approximately $45,000. Algert Global LLC purchased a new stake in Wix.com in the third quarter valued at approximately $214,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in Wix.com by 5.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider’s stock valued at $226,000 after buying an additional 129 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
Wix.com Stock Performance
NASDAQ:WIX opened at $120.00 on Tuesday. The stock has a fifty day moving average price of $132.40 and a two-hundred day moving average price of $119.08. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 218.18, a PEG ratio of 4.12 and a beta of 1.34. Wix.com Ltd. has a 1 year low of $73.39 and a 1 year high of $146.21.
Analyst Ratings Changes
WIX has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of Wix.com in a research note on Tuesday, April 30th. Piper Sandler boosted their price objective on Wix.com from $146.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Raymond James began coverage on Wix.com in a research note on Wednesday, March 27th. They set an “outperform” rating and a $160.00 price target for the company. Barclays upped their price target on Wix.com from $147.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, Benchmark upped their price target on Wix.com from $132.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and an average price target of $144.29.
Get Our Latest Analysis on Wix.com
About Wix.com
Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.
Recommended Stories
- Five stocks we like better than Wix.com
- Dividend Capture Strategy: What You Need to Know
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- Election Stocks: How Elections Affect the Stock Market
- 3 Value Stocks You Can Buy Before They Become Big
- How to Calculate Options Profits
- Chinese Stocks Stage Impressive Rebound
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX – Free Report).
Receive News & Ratings for Wix.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com and related companies with MarketBeat.com's FREE daily email newsletter.