Quantbot Technologies LP raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 69.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,087 shares of the information services provider's stock after buying an additional 14,328 shares during the quarter. Quantbot Technologies LP owned about 0.06% of Wix.com worth $7,528,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock valued at $5,081,000 after buying an additional 11,497 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Wix.com during the 4th quarter worth $256,000. Oppenheimer & Co. Inc. purchased a new position in shares of Wix.com during the 3rd quarter worth $461,000. Loomis Sayles & Co. L P raised its position in shares of Wix.com by 23.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider's stock worth $31,552,000 after buying an additional 36,459 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Wix.com by 348.6% in the 3rd quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider's stock worth $1,488,000 after buying an additional 6,919 shares during the period. Institutional investors and hedge funds own 81.52% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on WIX. JMP Securities reaffirmed a "market outperform" rating and issued a $240.00 target price on shares of Wix.com in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Wix.com from $194.00 to $169.00 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Raymond James raised Wix.com from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Jefferies Financial Group increased their target price on Wix.com from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, B. Riley increased their target price on Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $243.74.
Read Our Latest Analysis on WIX
Wix.com Stock Down 0.1 %
Shares of Wix.com stock traded down $0.24 during trading hours on Friday, hitting $172.59. 952,081 shares of the company's stock traded hands, compared to its average volume of 591,081. The stock has a 50 day simple moving average of $216.76 and a 200-day simple moving average of $195.85. The company has a market cap of $9.46 billion, a PE ratio of 73.44, a PEG ratio of 2.83 and a beta of 1.64. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11.
Wix.com declared that its board has approved a share buyback program on Thursday, February 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.
Wix.com Company Profile
(
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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