Quadrature Capital Ltd Trims Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Quadrature Capital Ltd cut its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 86.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,926 shares of the information services provider's stock after selling 75,210 shares during the quarter. Quadrature Capital Ltd's holdings in Wix.com were worth $1,992,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WIX. Price T Rowe Associates Inc. MD boosted its position in Wix.com by 19.5% during 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 in the last quarter. M&G Plc boosted its position in Wix.com by 12.4% during the second quarter. M&G Plc now owns 65,387 shares of the information services provider's stock worth $10,397,000 after purchasing an additional 7,231 shares in the last quarter. Raymond James & Associates boosted its position in Wix.com by 45.5% during the second quarter. Raymond James & Associates now owns 38,078 shares of the information services provider's stock worth $6,057,000 after purchasing an additional 11,913 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Wix.com by 13.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,856 shares of the information services provider's stock worth $454,000 after purchasing an additional 347 shares in the last quarter. Finally, Liontrust Investment Partners LLP acquired a new position in shares of Wix.com in the second quarter worth $434,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Stock Down 0.7 %

Shares of NASDAQ WIX traded down $1.54 on Friday, hitting $219.68. The company had a trading volume of 417,641 shares, compared to its average volume of 750,792. Wix.com Ltd. has a 12-month low of $101.72 and a 12-month high of $229.79. The business has a 50 day moving average of $182.37 and a two-hundred day moving average of $169.02. The firm has a market capitalization of $12.04 billion, a P/E ratio of 137.30, a PEG ratio of 4.41 and a beta of 1.55.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WIX shares. Benchmark boosted their price target on Wix.com from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. B. Riley boosted their price target on Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research note on Thursday, November 21st. Robert W. Baird upped their target price on Wix.com from $175.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, November 25th. Finally, Cantor Fitzgerald upped their target price on Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $210.71.

About Wix.com

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.