National Bank of Canada FI lifted its position in Wix.com Ltd. (NASDAQ:WIX – Get Rating) by 221,666.7% during the 4th quarter, HoldingsChannel reports. The firm owned 119,754 shares of the information services provider’s stock after buying an additional 119,700 shares during the period. National Bank of Canada FI’s holdings in Wix.com were worth $9,201,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its position in Wix.com by 22,397.5% in the first quarter. First Trust Advisors LP now owns 690,449 shares of the information services provider’s stock worth $72,124,000 after acquiring an additional 687,380 shares in the last quarter. Clearline Capital LP purchased a new position in Wix.com in the third quarter worth $23,336,000. Renaissance Technologies LLC purchased a new position in Wix.com in the first quarter worth $26,690,000. Vanguard Group Inc. grew its position in Wix.com by 59.0% in the third quarter. Vanguard Group Inc. now owns 405,771 shares of the information services provider’s stock worth $31,744,000 after acquiring an additional 150,572 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Wix.com by 131.9% during the second quarter. Federated Hermes Inc. now owns 254,550 shares of the information services provider’s stock valued at $16,686,000 after buying an additional 144,780 shares during the period. Institutional investors own 91.90% of the company’s stock.
Wall Street Analysts Forecast Growth
WIX has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of Wix.com in a research report on Thursday, February 23rd. Barclays upped their price target on shares of Wix.com from $78.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Royal Bank of Canada upped their price target on shares of Wix.com from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Morgan Stanley upped their price target on shares of Wix.com from $94.00 to $102.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Finally, StockNews.com initiated coverage on shares of Wix.com in a research report on Thursday, March 16th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.00.
Wix.com Price Performance
Wix.com Profile
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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