Maverick Capital Ltd. Purchases Shares of 5,324 Wix.com Ltd. (NASDAQ:WIX)

Maverick Capital Ltd. bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,324 shares of the information services provider's stock, valued at approximately $890,000.

A number of other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock worth $44,055,000 after acquiring an additional 49,500 shares in the last quarter. Toth Financial Advisory Corp bought a new position in shares of Wix.com in the third quarter worth about $661,000. Dimensional Fund Advisors LP increased its stake in Wix.com by 448.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider's stock worth $1,375,000 after buying an additional 7,070 shares during the period. California State Teachers Retirement System increased its stake in Wix.com by 9.8% in the 1st quarter. California State Teachers Retirement System now owns 56,143 shares of the information services provider's stock worth $7,719,000 after buying an additional 5,033 shares during the period. Finally, Lakehouse Capital Pty Ltd lifted its holdings in Wix.com by 26.2% during the 3rd quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider's stock valued at $10,148,000 after buying an additional 12,600 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wix.com Price Performance

Wix.com stock traded down $3.23 during trading hours on Monday, hitting $220.51. 623,471 shares of the stock traded hands, compared to its average volume of 559,709. Wix.com Ltd. has a 1 year low of $101.72 and a 1 year high of $225.80. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 137.82, a P/E/G ratio of 4.30 and a beta of 1.55. The firm's 50 day moving average price is $178.05 and its 200-day moving average price is $167.27.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WIX shares. Barclays raised their target price on shares of Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on Wix.com from $195.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Piper Sandler upped their target price on Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Bank of America raised their price target on Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada upped 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. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $210.71.

Wix.com 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.