Sumitomo Mitsui Trust Group Inc. Purchases 5,286 Shares of Wix.com Ltd. (NASDAQ:WIX)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,353 shares of the information services provider's stock after acquiring an additional 5,286 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Wix.com worth $22,603,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WIX. Blue Trust Inc. lifted its stake in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after buying an additional 98 shares during the period. Avior Wealth Management LLC lifted its stake in Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock valued at $43,000 after buying an additional 89 shares during the period. Advisors Asset Management Inc. lifted its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock valued at $41,000 after buying an additional 130 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Wix.com by 113.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider's stock valued at $56,000 after buying an additional 139 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Wix.com by 962.7% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider's stock valued at $116,000 after buying an additional 491 shares during the period. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Price Performance

WIX stock traded down $2.48 during mid-day trading on Friday, reaching $223.70. The company had a trading volume of 608,085 shares, compared to its average volume of 768,400. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 139.81, a PEG ratio of 2.48 and a beta of 1.58. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $247.11. The stock has a 50 day simple moving average of $226.55 and a two-hundred day simple moving average of $191.64.

Analysts Set New Price Targets

WIX has been the subject of several recent analyst reports. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Morgan Stanley upgraded Wix.com from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $248.00 to $276.00 in a report on Monday, January 13th. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a report on Saturday, November 23rd. Piper Sandler increased their price target on Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their price target on Wix.com from $195.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.