Geode Capital Management LLC Boosts Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Geode Capital Management LLC lifted its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,902 shares of the information services provider's stock after purchasing an additional 14,340 shares during the period. Geode Capital Management LLC owned about 0.84% of Wix.com worth $76,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. 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 in the last quarter. CWM LLC lifted its stake in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider's stock worth $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank boosted its position in 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 acquiring an additional 124 shares during the last quarter. Advisors Asset Management Inc. grew its stake 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 valued at $41,000 after acquiring an additional 130 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Wix.com by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider's stock valued at $764,000 after acquiring an additional 136 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Trading Up 1.8 %

WIX traded up $3.94 on Friday, hitting $221.37. 538,507 shares of the company were exchanged, compared to its average volume of 561,192. The firm has a 50-day moving average price of $193.64 and a two-hundred day moving average price of $172.63. Wix.com Ltd. has a twelve month low of $114.18 and a twelve month high of $229.79. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 138.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.55.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WIX shares. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Piper Sandler raised their target price on Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. B. Riley boosted their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Benchmark raised 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. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.