Arkadios Wealth Advisors Raises Position in Wix.com Ltd. (NASDAQ:WIX)

Arkadios Wealth Advisors raised its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,193 shares of the information services provider's stock after buying an additional 1,332 shares during the quarter. Arkadios Wealth Advisors' holdings in Wix.com were worth $1,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after buying an additional 98 shares during the period. Advisors Asset Management Inc. grew its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock valued at $41,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC increased its holdings in shares of Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider's stock valued at $116,000 after acquiring an additional 491 shares in the last quarter. CWM LLC raised its position in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider's stock worth $106,000 after purchasing an additional 101 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after purchasing an additional 124 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on WIX shares. Barclays increased their price objective on Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Royal Bank of Canada lifted their price objective on shares of Wix.com from $190.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Jefferies Financial Group increased their target price on shares of Wix.com from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Morgan Stanley upgraded shares of Wix.com from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $248.00 to $276.00 in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Wix.com currently has an average rating of "Moderate Buy" and a consensus price target of $225.82.

Wix.com Stock Down 0.3 %

Shares of WIX stock traded down $0.83 during trading on Monday, hitting $240.89. The company had a trading volume of 549,433 shares, compared to its average volume of 428,502. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $246.82. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 150.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.56. The stock's 50-day moving average is $217.71 and its two-hundred day moving average is $182.11.

Wix.com Profile

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.