Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Swedbank AB

Swedbank AB lessened its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 66.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,624 shares of the information services provider's stock after selling 11,241 shares during the quarter. Swedbank AB's holdings in Wix.com were worth $940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Wix.com by 98.0% in 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 period. CWM LLC raised its holdings in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider's stock worth $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank raised its holdings in Wix.com by 19.0% in 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 period. Advisors Asset Management Inc. raised its holdings in Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock worth $41,000 after purchasing an additional 130 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Wix.com by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider's stock worth $764,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 81.52% of the company's stock.

Analyst Ratings Changes

WIX has been the subject of several research reports. Barclays boosted their price objective on Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a research note on Thursday, November 21st. Benchmark boosted their price objective on Wix.com from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Cantor Fitzgerald boosted their price objective on Wix.com from $200.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price objective on Wix.com from $190.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $210.71.

Wix.com Trading Down 1.6 %

Wix.com stock traded down $3.53 during mid-day trading on Thursday, hitting $218.91. The company's stock had a trading volume of 605,235 shares, compared to its average volume of 693,575. The firm has a market capitalization of $12.00 billion, a PE ratio of 136.82, a price-to-earnings-growth ratio of 4.28 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $97.07 and a 1 year high of $224.33. The stock's fifty day moving average is $174.50 and its two-hundred day moving average is $165.19.

Wix.com 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.