Public Employees Retirement System of Ohio Purchases Shares of 62,949 Wix.com Ltd. (NASDAQ:WIX)

Public Employees Retirement System of Ohio acquired a new position in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 62,949 shares of the information services provider's stock, valued at approximately $10,523,000. Public Employees Retirement System of Ohio owned approximately 0.11% of Wix.com as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WIX. Blue Trust Inc. grew its holdings in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock worth $41,000 after acquiring an additional 130 shares in 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 purchasing an additional 101 shares in the last quarter. Toronto Dominion Bank grew its position in Wix.com by 19.0% in the second 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 last quarter. Finally, Metis Global Partners LLC acquired a new position in Wix.com during the third quarter worth about $200,000. Institutional investors own 81.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WIX. Barclays lifted their price target on shares of 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 upped their price target on shares of Wix.com from $190.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Piper Sandler increased their price target on Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Cantor Fitzgerald boosted their price objective on Wix.com from $200.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Bank of America boosted their target price on shares of Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $210.71.

Wix.com Price Performance

Shares of Wix.com stock traded up $7.51 during trading on Thursday, reaching $224.50. 698,989 shares of the company traded hands, compared to its average volume of 560,617. The firm has a market capitalization of $12.31 billion, a PE ratio of 139.09, a P/E/G ratio of 4.07 and a beta of 1.55. Wix.com Ltd. has a 1-year low of $106.11 and a 1-year high of $229.79. The company has a 50 day moving average price of $185.54 and a 200-day moving average price of $169.97.

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.