Wix.com (NASDAQ:WIX) Price Target Raised to $215.00

Wix.com (NASDAQ:WIX - Free Report) had its price objective upped by Robert W. Baird from $175.00 to $215.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the information services provider's stock.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC restated a "buy" rating and set a $200.00 price objective on shares of Wix.com in a report on Wednesday, November 20th. Benchmark boosted their price objective on Wix.com from $225.00 to $250.00 and gave the company a "buy" rating in a report on Thursday. UBS Group upped their target price on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research note on Monday, August 5th. Finally, Piper Sandler upped their price objective on Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.71.

Wix.com Trading Up 2.6 %

Shares of NASDAQ WIX traded up $5.68 during trading hours on Monday, hitting $222.88. 619,257 shares of the company traded hands, compared to its average volume of 558,276. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 135.75, a price-to-earnings-growth ratio of 4.24 and a beta of 1.47. The company's 50 day moving average price is $170.73 and its 200 day moving average price is $163.40. Wix.com has a 12 month low of $95.65 and a 12 month high of $223.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC lifted its holdings in Wix.com by 3.4% during the 3rd quarter. Tidal Investments LLC now owns 34,646 shares of the information services provider's stock worth $5,792,000 after buying an additional 1,127 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Wix.com by 3.2% during the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider's stock worth $76,848,000 after purchasing an additional 14,340 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Wix.com during the third quarter worth about $10,523,000. Nomura Asset Management Co. Ltd. increased its position in shares of Wix.com by 1.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 14,680 shares of the information services provider's stock worth $2,454,000 after purchasing an additional 170 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Wix.com by 348.6% during the third quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider's stock worth $1,488,000 after purchasing an additional 6,919 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

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.