Natixis Advisors LLC Buys 2,523 Shares of Wix.com Ltd. (NASDAQ:WIX)

Natixis Advisors LLC raised its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,937 shares of the information services provider's stock after purchasing an additional 2,523 shares during the period. Natixis Advisors LLC's holdings in Wix.com were worth $3,634,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WIX. Advisors Asset Management Inc. boosted its holdings in shares of 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 buying an additional 130 shares during the period. Avior Wealth Management LLC increased its holdings in Wix.com by 79.5% during the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock worth $43,000 after purchasing an additional 89 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Wix.com in the 4th quarter valued at about $43,000. Global Retirement Partners LLC boosted its position in shares of Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock worth $47,000 after buying an additional 58 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Wix.com during the fourth quarter worth about $52,000. 81.52% of the stock is owned by institutional investors.

Wix.com Price Performance

WIX traded down $4.68 during trading on Wednesday, hitting $168.63. 471,719 shares of the stock traded hands, compared to its average volume of 599,662. The business has a 50 day moving average price of $209.30 and a 200 day moving average price of $196.81. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 71.76, a PEG ratio of 2.83 and a beta of 1.64.

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Wix.com announced that its Board of Directors has approved a share buyback plan on Thursday, February 27th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the information services provider to repurchase up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Benchmark upped their price target on Wix.com from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. UBS Group set a $250.00 price target on Wix.com in a report on Wednesday, March 5th. JMP Securities reiterated a "market outperform" rating and issued a $240.00 price objective on shares of Wix.com in a report on Tuesday, February 18th. Jefferies Financial Group raised their target price on shares of Wix.com from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 target price on shares of Wix.com in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $243.74.

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.