Wix.com Ltd. (NASDAQ:WIX) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 188,746 shares of the information services provider's stock after buying an additional 36,459 shares during the period. Loomis Sayles & Co. L P owned about 0.34% of Wix.com worth $31,552,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. iA Global Asset Management Inc. boosted its stake in Wix.com by 176.5% during the first quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider's stock valued at $2,246,000 after buying an additional 10,427 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Wix.com by 23.1% during 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 during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Wix.com in the 3rd quarter worth about $661,000. Tidal Investments LLC purchased a new stake in shares of Wix.com during the 1st quarter valued at about $5,197,000. Finally, Bayesian Capital Management LP bought a new position in shares of Wix.com in the 1st quarter valued at about $779,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WIX shares. StockNews.com raised Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays increased their price target on Wix.com from $184.00 to $236.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on shares of Wix.com from $190.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald upped their price target on shares of Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Four investment 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 MarketBeat, Wix.com presently has an average rating of "Moderate Buy" and a consensus price target of $210.71.

Wix.com Stock Performance

NASDAQ:WIX traded down $0.97 during trading hours on Tuesday, reaching $222.44. The company's stock had a trading volume of 681,974 shares, compared to its average volume of 560,313. The stock has a 50 day moving average price of $172.07 and a two-hundred day moving average price of $164.11. The company has a market capitalization of $12.19 billion, a P/E ratio of 139.81, a price-to-earnings-growth ratio of 4.24 and a beta of 1.47. Wix.com Ltd. has a 12 month low of $95.65 and a 12 month high of $224.33.

Wix.com Company Profile

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.