GSA Capital Partners LLP Has $310,000 Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

GSA Capital Partners LLP trimmed its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 77.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,852 shares of the information services provider's stock after selling 6,504 shares during the period. GSA Capital Partners LLP's holdings in Wix.com were worth $310,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in 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 last quarter. CWM LLC grew 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 valued at $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank grew 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 valued at $124,000 after buying an additional 124 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider's stock worth $764,000 after buying an additional 136 shares during the last quarter. Finally, Signaturefd LLC raised its position in Wix.com by 4.7% during the second quarter. Signaturefd LLC now owns 3,269 shares of the information services provider's stock worth $520,000 after acquiring an additional 146 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $1.99 during midday trading on Friday, reaching $217.20. The company's stock had a trading volume of 1,270,172 shares, compared to its average volume of 588,795. The company has a market cap of $11.91 billion, a P/E ratio of 135.75, a P/E/G ratio of 4.25 and a beta of 1.47. Wix.com Ltd. has a fifty-two week low of $95.65 and a fifty-two week high of $220.22. The business's 50 day moving average price is $170.73 and its two-hundred day moving average price is $162.82.

Analyst Upgrades and Downgrades

WIX has been the subject of a number of analyst reports. Benchmark lifted their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday. Bank of America boosted their price target on Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on Wix.com from $190.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday. Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Piper Sandler increased their price target on Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.44.

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.