CWA Asset Management Group LLC Invests $1.04 Million in Wix.com Ltd. (NASDAQ:WIX)

CWA Asset Management Group LLC acquired a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,857 shares of the information services provider's stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased its position 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 acquiring an additional 98 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Wix.com by 112.1% during the 3rd 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 last quarter. CWM LLC raised its position 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider's stock worth $116,000 after buying an additional 491 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of 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 buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on Wix.com from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 target price on shares of Wix.com in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price target on Wix.com from $195.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Finally, Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wix.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.59.

Wix.com Stock Performance

Shares of NASDAQ:WIX traded up $3.78 on Wednesday, hitting $224.49. The company's stock had a trading volume of 450,440 shares, compared to its average volume of 580,288. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 140.31, a price-to-earnings-growth ratio of 4.22 and a beta of 1.56. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $229.79. The stock's 50-day moving average is $206.30 and its two-hundred day moving average is $177.35.

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.