EAM Global Investors LLC Sells 5,149 Shares of Wix.com Ltd. (NASDAQ:WIX)

EAM Global Investors LLC cut its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,493 shares of the information services provider's stock after selling 5,149 shares during the period. Wix.com comprises approximately 1.7% of EAM Global Investors LLC's portfolio, making the stock its 2nd biggest holding. EAM Global Investors LLC owned about 0.08% of Wix.com worth $9,331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WIX. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com during the 4th quarter valued at $256,000. Bank of New York Mellon Corp raised its position in shares of Wix.com by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 124,622 shares of the information services provider's stock worth $26,738,000 after acquiring an additional 11,048 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Wix.com by 5.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 105,353 shares of the information services provider's stock valued at $22,603,000 after purchasing an additional 5,286 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Wix.com during the fourth quarter valued at $321,000. Finally, Harbor Capital Advisors Inc. boosted its stake in Wix.com by 159.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 22,596 shares of the information services provider's stock worth $4,848,000 after purchasing an additional 13,894 shares in the last quarter. Institutional investors own 81.52% of the company's stock.

Analyst Upgrades and Downgrades

WIX has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of Wix.com from $236.00 to $240.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $235.00 price target on shares of Wix.com in a report on Wednesday, February 19th. Citigroup lifted their target price on shares of Wix.com from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Bank of America lifted their price objective on shares of Wix.com from $228.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group cut their target price on Wix.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $238.89.

Wix.com Price Performance

NASDAQ WIX traded down $8.41 on Monday, hitting $151.35. The company had a trading volume of 195,267 shares, compared to its average volume of 649,471. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11. The company has a market capitalization of $8.49 billion, a PE ratio of 64.40, a PEG ratio of 2.83 and a beta of 1.65. The company's fifty day moving average price is $179.43 and its 200-day moving average price is $196.47.

Wix.com declared that its Board of Directors has authorized a stock buyback program on Thursday, February 27th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the information services provider to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

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.