Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 159.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,596 shares of the information services provider's stock after acquiring an additional 13,894 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Wix.com were worth $4,848,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WIX. Wealth Enhancement Advisory Services LLC raised its position in shares of Wix.com by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider's stock worth $502,000 after acquiring an additional 63 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after buying an additional 98 shares in the last quarter. CWM LLC grew 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 buying an additional 101 shares during the last quarter. Toronto Dominion Bank raised its stake in Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after acquiring an additional 124 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Wix.com by 112.1% in the third 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 during the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their target price on shares of Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Bank of America increased their target price on shares of Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. Finally, Citigroup increased their price objective on Wix.com from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.59.

Wix.com Price Performance

WIX traded down $5.87 during trading on Friday, hitting $218.62. The company's stock had a trading volume of 417,612 shares, compared to its average volume of 553,169. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $229.79. The firm's 50 day moving average price is $209.67 and its 200-day moving average price is $178.58. The stock has a market cap of $11.99 billion, a PE ratio of 136.64, a PEG ratio of 4.22 and a beta of 1.56.

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.