Flagship Harbor Advisors LLC bought a new stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,191 shares of the information services provider's stock, valued at approximately $256,000.
Other hedge funds have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Wix.com by 1,439.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,545 shares of the information services provider's stock worth $2,262,000 after purchasing an additional 9,860 shares during the period. Avior Wealth Management LLC boosted its position in Wix.com by 79.5% during the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock valued at $43,000 after acquiring an additional 89 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock worth $101,253,000 after acquiring an additional 400,265 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider's stock valued at $56,000 after purchasing an additional 139 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Wix.com in the fourth quarter valued at about $321,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
Wix.com Trading Down 0.5 %
NASDAQ WIX traded down $1.21 during trading on Thursday, hitting $240.94. 190,579 shares of the company traded hands, compared to its average volume of 756,955. The company has a market capitalization of $13.21 billion, a P/E ratio of 150.29, a PEG ratio of 2.62 and a beta of 1.56. The business has a fifty day simple moving average of $224.84 and a 200 day simple moving average of $185.79. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on WIX. Citigroup lifted their price objective on Wix.com from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. B. Riley upped their price objective on shares of Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on Wix.com from $195.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Evercore ISI raised Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Finally, Benchmark upped their price objective on shares of Wix.com from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $234.06.
Check Out Our Latest Stock Report on Wix.com
About Wix.com
(
Free Report)
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.
See Also
Before you consider Wix.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.
While Wix.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
