Public Sector Pension Investment Board raised its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 23.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,415 shares of the information services provider's stock after acquiring an additional 5,200 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.05% of Wix.com worth $4,583,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Wix.com by 19.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,401 shares of the information services provider's stock worth $1,431,000 after purchasing an additional 1,696 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Wix.com by 9.8% during the first quarter. California State Teachers Retirement System now owns 56,143 shares of the information services provider's stock valued at $7,719,000 after acquiring an additional 5,033 shares in the last quarter. Swedbank AB purchased a new stake in shares of Wix.com in the first quarter valued at approximately $2,319,000. DekaBank Deutsche Girozentrale grew its stake in Wix.com by 8.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,893 shares of the information services provider's stock worth $395,000 after purchasing an additional 215 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Wix.com by 311.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,414 shares of the information services provider's stock worth $702,000 after purchasing an additional 3,341 shares during the period. Hedge funds and other institutional investors own 81.52% of the company's stock.
Wix.com Trading Down 1.4 %
Shares of NASDAQ WIX traded down $3.23 during midday trading on Monday, reaching $220.51. The company had a trading volume of 623,471 shares, 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 business's 50-day simple moving average is $176.92 and its 200 day simple moving average is $166.67. The stock has a market cap of $12.09 billion, a P/E ratio of 139.84, a P/E/G ratio of 4.30 and a beta of 1.55.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald increased their price target on Wix.com from $200.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price target on shares of Wix.com from $190.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. B. Riley boosted their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Piper Sandler boosted their price target on shares of Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Four investment 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 stock. According to MarketBeat, Wix.com currently has a consensus rating of "Moderate Buy" and an average target price of $210.71.
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About Wix.com
(
Free Report)
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.
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