Investment Management Corp of Ontario acquired a new stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,842 shares of the information services provider's stock, valued at approximately $2,147,000.
Other hedge funds have also modified their holdings of the company. Dorsal Capital Management LP increased its position in shares of Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider's stock worth $206,791,000 after acquiring an additional 250,000 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider's stock valued at $190,482,000 after purchasing an additional 33,338 shares during the last quarter. Senvest Management LLC lifted its position in shares of Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider's stock worth $186,910,000 after purchasing an additional 50,482 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider's stock worth $124,973,000 after purchasing an additional 171,500 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock valued at $44,055,000 after purchasing an additional 49,500 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Wix.com Stock Performance
Shares of NASDAQ WIX traded down $8.13 during midday trading on Thursday, reaching $221.22. The company's stock had a trading volume of 670,511 shares, compared to its average volume of 561,712. The company has a market cap of $12.13 billion, a P/E ratio of 138.26, a P/E/G ratio of 4.23 and a beta of 1.55. The business's 50 day moving average price is $181.34 and its two-hundred day moving average price is $168.66. Wix.com Ltd. has a fifty-two week low of $101.72 and a fifty-two week high of $229.79.
Analyst Ratings Changes
WIX has been the subject of a number of recent research reports. StockNews.com upgraded shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Robert W. Baird boosted their price target on Wix.com from $175.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. Cantor Fitzgerald increased their price objective on Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Piper Sandler boosted their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Finally, Bank of America increased their price target on shares of Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wix.com presently has an average rating of "Moderate Buy" and an average target price of $210.71.
View Our Latest Research Report on WIX
Wix.com Company Profile
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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.
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