Oppenheimer & Co. Inc. Invests $461,000 in Wix.com Ltd. (NASDAQ:WIX)

Oppenheimer & Co. Inc. acquired a new stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,756 shares of the information services provider's stock, valued at approximately $461,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised 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 purchasing an additional 98 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in shares of Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock valued at $94,000 after acquiring an additional 488 shares during the last quarter. CWM LLC grew its holdings in Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank raised its stake in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock valued at $124,000 after acquiring an additional 124 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Wix.com during the 2nd quarter valued at $259,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group boosted their target price on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Royal Bank of Canada upped their price target on Wix.com from $190.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of Wix.com in a research report on Wednesday. Bank of America raised their target price on shares of Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Benchmark lifted their price objective on Wix.com from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $210.44.

Wix.com Stock Performance

NASDAQ:WIX traded down $2.90 during trading hours on Friday, reaching $216.29. The company's stock had a trading volume of 930,603 shares, compared to its average volume of 556,393. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 136.76, a PEG ratio of 3.91 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $95.65 and a 1 year high of $220.22. The firm has a 50-day simple moving average of $169.52 and a 200-day simple moving average of $162.14.

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.