Robeco Institutional Asset Management B.V. Sells 3,233 Shares of Wix.com Ltd. (NASDAQ:WIX)

Robeco Institutional Asset Management B.V. trimmed its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,383 shares of the information services provider's stock after selling 3,233 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of Wix.com worth $24,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock valued at $44,055,000 after buying an additional 49,500 shares during the period. Toth Financial Advisory Corp bought a new stake in shares of Wix.com in the 3rd quarter worth approximately $661,000. Dimensional Fund Advisors LP grew its holdings in shares of Wix.com by 448.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider's stock worth $1,375,000 after purchasing an additional 7,070 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Wix.com by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock valued at $5,081,000 after purchasing an additional 11,497 shares during the period. Finally, Lakehouse Capital Pty Ltd raised its stake in shares of Wix.com by 26.2% in the third quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider's stock valued at $10,148,000 after purchasing an additional 12,600 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Stock Down 3.6 %

WIX stock traded down $8.48 during midday trading on Monday, reaching $230.41. The stock had a trading volume of 734,764 shares, compared to its average volume of 776,467. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 143.66, a PEG ratio of 2.66 and a beta of 1.58. The business has a fifty day simple moving average of $225.74 and a two-hundred day simple moving average of $187.01.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Wix.com from $195.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Citigroup boosted their price target on Wix.com from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Morgan Stanley upgraded Wix.com from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $248.00 to $276.00 in a research note on Monday, January 13th. Needham & Company LLC restated a "buy" rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group increased their target price on shares of Wix.com from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $232.61.

Wix.com Company 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.