Connor Clark & Lunn Investment Management Ltd. Sells 144,032 Shares of Wix.com Ltd. (NASDAQ:WIX)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 32.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,508 shares of the information services provider's stock after selling 144,032 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.55% of Wix.com worth $50,403,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings 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. Industrial Alliance Investment Management Inc. lifted its holdings in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after acquiring an additional 488 shares during the period. CWM LLC raised 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 worth $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its holdings in Wix.com by 19.0% during the second 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 last quarter. Finally, Metis Global Partners LLC bought a new position in shares of Wix.com in the third quarter worth $200,000. Institutional investors and hedge funds own 81.52% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on WIX. Benchmark boosted their target price on Wix.com from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. JMP Securities reissued a "market outperform" rating and issued a $180.00 price objective on shares of Wix.com in a research report on Thursday, July 25th. StockNews.com downgraded shares of Wix.com from a "buy" rating to a "hold" rating in a report on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of Wix.com from $195.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $200.00 price objective on shares of Wix.com in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.13.

Wix.com Trading Up 14.3 %

NASDAQ WIX traded up $26.32 during trading hours on Wednesday, reaching $210.27. 2,670,824 shares of the company traded hands, compared to its average volume of 552,857. Wix.com Ltd. has a 12 month low of $95.65 and a 12 month high of $213.26. The stock has a market capitalization of $11.53 billion, a PE ratio of 164.29, a PEG ratio of 3.84 and a beta of 1.47. The company has a 50 day moving average of $167.07 and a two-hundred day moving average of $161.41.

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.