Plato Investment Management Ltd Buys New Stake in Wix.com Ltd. (NASDAQ:WIX)

Plato Investment Management Ltd acquired a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,684 shares of the information services provider's stock, valued at approximately $782,000.

Several other large investors have also recently bought and sold shares of the business. Blue Trust Inc. increased 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 acquiring an additional 98 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after buying an additional 488 shares during the last quarter. CWM LLC boosted its holdings in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank grew its position 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 buying an additional 124 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Wix.com during the 2nd quarter worth $259,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays reduced their target price on Wix.com from $186.00 to $184.00 and set an "overweight" rating for the company in a report on Tuesday, October 1st. Piper Sandler upgraded shares of Wix.com from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. JMP Securities reiterated a "market outperform" rating and set a $180.00 target price on shares of Wix.com in a research note on Thursday, July 25th. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $190.00 price objective on shares of Wix.com in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wix.com presently has an average rating of "Moderate Buy" and a consensus price target of $190.06.

Wix.com Stock Performance

WIX traded down $4.00 on Friday, hitting $180.01. 338,989 shares of the company were exchanged, compared to its average volume of 541,652. Wix.com Ltd. has a fifty-two week low of $92.25 and a fifty-two week high of $192.00. The firm has a market capitalization of $9.87 billion, a P/E ratio of 142.87, a price-to-earnings-growth ratio of 3.92 and a beta of 1.47. The business's fifty day moving average is $165.51 and its 200 day moving average is $159.54.

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.