Allspring Global Investments Holdings LLC grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 90.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,099 shares of the information services provider's stock after purchasing an additional 87,327 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.34% of Wix.com worth $39,859,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock worth $41,000 after purchasing an additional 130 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock worth $43,000 after purchasing an additional 89 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Wix.com during the fourth quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider's stock worth $56,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.
Wix.com Price Performance
Shares of NASDAQ WIX traded down $2.04 during trading on Tuesday, hitting $221.66. 833,119 shares of the company were exchanged, compared to its average volume of 738,035. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 138.49, a PEG ratio of 2.48 and a beta of 1.58. Wix.com Ltd. has a 1 year low of $117.58 and a 1 year high of $247.11. The firm's fifty day moving average price is $226.72 and its 200 day moving average price is $192.17.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Wix.com from $195.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Benchmark lifted their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Barclays lifted their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. StockNews.com raised shares of Wix.com from a "hold" rating to a "buy" rating in a report on Saturday, November 23rd. Finally, Cantor Fitzgerald lifted their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $235.94.
View Our Latest Stock Report on WIX
Wix.com Company Profile
(
Free Report)
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.
Further Reading
Before you consider Wix.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.
While Wix.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
