Wix.com (NASDAQ:WIX) Price Target Raised to $270.00 at Bank of America

Wix.com (NASDAQ:WIX - Free Report) had its target price upped by Bank of America from $228.00 to $270.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the information services provider's stock.

WIX has been the subject of several other research reports. Barclays boosted their price objective on shares of Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. B. Riley upped their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Citigroup upped their price target on shares of Wix.com from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of Wix.com from $195.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Wix.com currently has a consensus rating of "Moderate Buy" and an average price target of $245.83.

Wix.com Stock Down 2.7 %

Shares of NASDAQ WIX traded down $5.54 during trading hours on Wednesday, hitting $198.11. 876,551 shares of the stock were exchanged, compared to its average volume of 843,480. The company has a market cap of $10.86 billion, a PE ratio of 84.30, a PEG ratio of 2.42 and a beta of 1.58. The firm has a fifty day moving average price of $226.63 and a 200-day moving average price of $192.98. Wix.com has a 12 month low of $117.58 and a 12 month high of $247.11.

Institutional Trading of Wix.com

Large investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its holdings in Wix.com by 9.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock worth $130,000 after buying an additional 55 shares in the last quarter. Blue Trust Inc. boosted its holdings in Wix.com by 28.3% during the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider's stock worth $54,000 after buying an additional 56 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock worth $47,000 after buying an additional 58 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Wix.com by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider's stock worth $502,000 after buying an additional 63 shares in the last quarter. Finally, Vestcor Inc boosted its holdings in Wix.com by 8.0% during the fourth quarter. Vestcor Inc now owns 853 shares of the information services provider's stock worth $183,000 after buying an additional 63 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

About Wix.com

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.