Bamco Inc. NY Trims Stake in Wix.com Ltd. (NASDAQ:WIX)

Bamco Inc. NY lowered its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 13.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,842 shares of the information services provider's stock after selling 29,627 shares during the period. Bamco Inc. NY owned 0.35% of Wix.com worth $31,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WIX. Blue Trust Inc. grew its holdings in shares of Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock valued at $41,000 after buying an additional 130 shares in the last quarter. CWM LLC lifted its holdings in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after acquiring an additional 101 shares during the last quarter. Toronto Dominion Bank grew its position in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after acquiring an additional 124 shares in the last quarter. Finally, Metis Global Partners LLC bought a new stake in Wix.com during the third quarter worth approximately $200,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Upgrades and Downgrades

WIX has been the subject of several analyst reports. Bank of America raised their price objective on Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Cantor Fitzgerald lifted their price objective on shares of Wix.com from $200.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. B. Riley raised their price objective on shares of Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Piper Sandler upped their target price on Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $210.71.

Wix.com Stock Up 0.2 %

Shares of WIX traded up $0.37 during mid-day trading on Tuesday, hitting $220.88. 145,687 shares of the company traded hands, compared to its average volume of 557,887. The company has a market capitalization of $12.11 billion, a PE ratio of 137.82, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55. The business has a 50 day moving average of $178.05 and a 200 day moving average of $167.27. Wix.com Ltd. has a 1-year low of $101.72 and a 1-year high of $225.80.

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.