BNP Paribas Financial Markets Increases Stock Position in Wix.com Ltd. (NASDAQ:WIX)

BNP Paribas Financial Markets raised its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 60.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,393 shares of the information services provider's stock after acquiring an additional 11,497 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Wix.com worth $5,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WIX. Blue Trust Inc. lifted its stake in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after acquiring an additional 98 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock valued at $41,000 after purchasing an additional 130 shares during the period. CWM LLC lifted its stake 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 purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its stake 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 valued at $124,000 after purchasing an additional 124 shares during the period. Finally, Metis Global Partners LLC acquired a new position in shares of Wix.com in the 3rd quarter valued at $200,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of WIX traded up $5.33 during mid-day trading on Wednesday, reaching $225.05. The stock had a trading volume of 295,953 shares, compared to its average volume of 558,206. Wix.com Ltd. has a 52-week low of $101.72 and a 52-week high of $225.80. The business's fifty day moving average is $179.16 and its 200 day moving average is $167.86. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 137.33, a P/E/G ratio of 4.24 and a beta of 1.55.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Royal Bank of Canada boosted their target price on shares of Wix.com from $190.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Barclays boosted their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Wix.com from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. Finally, Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $210.71.

Wix.com Company 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.