DekaBank Deutsche Girozentrale decreased its stake in Wix.com Ltd. (NASDAQ:WIX – Get Rating) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,479 shares of the information services provider’s stock after selling 14,837 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wix.com were worth $1,766,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP grew its position in Wix.com by 22,397.5% in the 1st quarter. First Trust Advisors LP now owns 690,449 shares of the information services provider’s stock worth $72,124,000 after purchasing an additional 687,380 shares during the last quarter. Clearline Capital LP acquired a new stake in shares of Wix.com during the 3rd quarter worth approximately $23,336,000. Renaissance Technologies LLC acquired a new position in Wix.com during the first quarter valued at approximately $26,690,000. Vanguard Group Inc. lifted its stake 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 valued at $31,744,000 after buying an additional 150,572 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Wix.com by 221,666.7% in the fourth quarter. National Bank of Canada FI now owns 119,754 shares of the information services provider’s stock valued at $9,201,000 after buying an additional 119,700 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
Wall Street Analyst Weigh In
WIX has been the topic of a number of research reports. Credit Suisse Group reissued an “outperform” rating and issued a $105.00 price objective on shares of Wix.com in a research report on Thursday, February 23rd. Robert W. Baird assumed coverage on shares of Wix.com in a research note on Tuesday, April 11th. They issued a “neutral” rating and a $105.00 price target on the stock. Morgan Stanley upped their price objective on shares of Wix.com from $94.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 23rd. Royal Bank of Canada raised their price objective on shares of Wix.com from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Finally, StockNews.com assumed 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.87.
Wix.com Price Performance
About Wix.com
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Wix.com (WIX)
- Finding New Technology to Invest in: A Guide
- Genuine Parts Company Is Genuinely A Good Buy
- Healthcare Sector: Overview and Keys to Investing
- Can D.R. Horton Shares Raise The Roof, Or Is This The Ceiling?
- American Express Growth Riding On Joyful Consumer Spending
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 – Get Rating).
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.
