Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Wix.com Ltd. (NASDAQ:WIX – Get Rating) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,200 shares of the information services provider’s stock after acquiring an additional 1,010 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Wix.com worth $2,551,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in Wix.com in the fourth quarter worth $33,000. Achmea Investment Management B.V. acquired a new stake in Wix.com in the fourth quarter worth $35,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Wix.com in the third quarter worth $36,000. Lindbrook Capital LLC increased its position in Wix.com by 86.3% in the fourth quarter. Lindbrook Capital LLC now owns 475 shares of the information services provider’s stock worth $36,000 after buying an additional 220 shares during the period. Finally, IFP Advisors Inc increased its position in Wix.com by 116.5% in the third quarter. IFP Advisors Inc now owns 433 shares of the information services provider’s stock worth $41,000 after buying an additional 233 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.
Wix.com Stock Up 0.8 %
Shares of WIX stock opened at $77.65 on Friday. The stock has a 50-day simple moving average of $86.88 and a 200 day simple moving average of $85.52. Wix.com Ltd. has a fifty-two week low of $53.12 and a fifty-two week high of $101.55. The stock has a market capitalization of $4.41 billion, a P/E ratio of -21.69 and a beta of 1.24.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. StockNews.com assumed coverage on Wix.com in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays increased their target price on Wix.com from $87.00 to $90.00 in a research report on Thursday, May 18th. Needham & Company LLC decreased their price target on Wix.com from $125.00 to $120.00 in a research note on Monday, May 22nd. Wolfe Research reissued an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of Wix.com in a research note on Thursday, February 23rd. Finally, Citigroup increased their price target on Wix.com from $101.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $105.14.
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.
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