Captrust Financial Advisors Boosts Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Captrust Financial Advisors grew its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 545.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,465 shares of the information services provider's stock after buying an additional 201,532 shares during the period. Captrust Financial Advisors owned 0.43% of Wix.com worth $39,864,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after purchasing an additional 98 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock worth $41,000 after purchasing an additional 130 shares during the period. CWM LLC increased its stake 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. Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after purchasing an additional 124 shares during the period. Finally, Metis Global Partners LLC bought a new position in shares of Wix.com during the third quarter worth approximately $200,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Up 2.2 %

WIX traded up $4.83 during midday trading on Friday, hitting $223.74. 283,476 shares of the company were exchanged, compared to its average volume of 691,285. The firm's 50 day moving average price is $176.92 and its 200-day moving average price is $166.24. Wix.com Ltd. has a 1-year low of $100.13 and a 1-year high of $224.33. The firm has a market capitalization of $12.27 billion, a P/E ratio of 139.84, a P/E/G ratio of 4.21 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WIX. UBS Group raised their price objective on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Bank of America raised their price objective on Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research note on Thursday, November 21st. Piper Sandler raised their price objective on Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $200.00 price objective on shares of Wix.com in a research note on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Wix.com currently has an average rating of "Moderate Buy" and an average price target of $210.71.

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.