Quantbot Technologies LP Acquires New Stake in Wix.com Ltd. (NASDAQ:WIX)

Quantbot Technologies LP acquired a new stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,759 shares of the information services provider's stock, valued at approximately $3,470,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake 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 during the last quarter. Advisors Asset Management Inc. grew its stake in 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 buying an additional 130 shares during the last quarter. CWM LLC raised its position 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 during the last quarter. Toronto Dominion Bank grew its position in Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after purchasing an additional 124 shares during the last quarter. Finally, Metis Global Partners LLC acquired a new position in Wix.com during the 3rd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Price Performance

Shares of Wix.com stock traded down $3.53 during trading on Thursday, hitting $218.91. 605,235 shares of the company's stock traded hands, compared to its average volume of 693,575. The firm's fifty day moving average price is $174.50 and its 200 day moving average price is $165.19. The company has a market cap of $12.00 billion, a PE ratio of 136.82, a PEG ratio of 4.28 and a beta of 1.47. Wix.com Ltd. has a twelve month low of $97.07 and a twelve month high of $224.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WIX shares. UBS Group upped their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Benchmark increased their target price on Wix.com from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. B. Riley raised their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of Wix.com in a research note on Wednesday, November 20th. Finally, Bank of America increased their price target on Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.