Schroder Investment Management Group boosted its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 1,383.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,871 shares of the information services provider's stock after buying an additional 116,456 shares during the period. Schroder Investment Management Group owned approximately 0.23% of Wix.com worth $27,146,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Wix.com by 9.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock worth $130,000 after buying an additional 55 shares in the last quarter. Blue Trust Inc. boosted its stake in Wix.com by 28.3% during the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider's stock worth $54,000 after acquiring an additional 56 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Wix.com by 36.0% in the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock worth $47,000 after purchasing an additional 58 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Wix.com by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider's stock valued at $502,000 after purchasing an additional 63 shares in the last quarter. Finally, Vestcor Inc increased its stake in Wix.com by 8.0% in the fourth quarter. Vestcor Inc now owns 853 shares of the information services provider's stock valued at $183,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 81.52% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Cantor Fitzgerald raised their target price on Wix.com from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Benchmark increased their price target on Wix.com from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Barclays boosted their price objective on Wix.com from $236.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on Wix.com from $205.00 to $189.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Piper Sandler boosted their price target on shares of Wix.com from $249.00 to $262.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $243.74.
Get Our Latest Stock Report on WIX
Wix.com Price Performance
Shares of NASDAQ WIX traded down $5.93 during trading on Friday, reaching $150.01. 1,297,473 shares of the stock traded hands, compared to its average volume of 629,982. The stock has a market capitalization of $8.42 billion, a P/E ratio of 63.83, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The company has a 50-day moving average of $197.26 and a 200-day moving average of $196.70.
Wix.com declared that its Board of Directors has authorized a share repurchase program on Thursday, February 27th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information services provider to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership 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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