Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 94.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,326 shares of the information services provider's stock after buying an additional 12,807 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Wix.com were worth $5,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WIX. Dorsal Capital Management LP grew its holdings in Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider's stock worth $206,791,000 after acquiring an additional 250,000 shares during the period. Captrust Financial Advisors grew its stake in shares of Wix.com by 545.7% during the 3rd quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider's stock worth $39,864,000 after purchasing an additional 201,532 shares during the period. Whale Rock Capital Management LLC increased its holdings in shares of Wix.com by 31.6% during the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider's stock valued at $115,475,000 after purchasing an additional 165,810 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Wix.com in the 2nd quarter valued at $13,646,000. Finally, Polar Asset Management Partners Inc. boosted its holdings in Wix.com by 192.9% during the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider's stock worth $16,466,000 after buying an additional 64,869 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Benchmark increased their price target on Wix.com from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Needham & Company LLC reissued a "buy" rating and issued a $200.00 price target on shares of Wix.com in a research note on Wednesday, November 20th. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price objective 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, Raymond James raised shares of Wix.com from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $225.00 to $300.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Wix.com presently has an average rating of "Moderate Buy" and a consensus price target of $234.06.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $2.72 during trading on Tuesday, hitting $238.17. 973,211 shares of the company were exchanged, compared to its average volume of 848,471. The company has a fifty day moving average price of $217.71 and a 200-day moving average price of $182.11. The firm has a market capitalization of $13.06 billion, a PE ratio of 148.86, a P/E/G ratio of 2.69 and a beta of 1.56. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $246.82.

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.