Teacher Retirement System of Texas Grows Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Teacher Retirement System of Texas lifted its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,658 shares of the information services provider's stock after acquiring an additional 5,006 shares during the quarter. Teacher Retirement System of Texas' holdings in Wix.com were worth $4,647,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its position in Wix.com by 9.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock worth $130,000 after purchasing an additional 55 shares in the last quarter. Blue Trust Inc. increased its holdings in Wix.com by 28.3% in the 4th 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 raised its position in Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock worth $47,000 after acquiring an additional 58 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Wix.com by 2.8% during 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 grew its position in shares of 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 during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

WIX has been the subject of several research analyst reports. Benchmark upped their price target on shares of Wix.com from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. JMP Securities restated a "market outperform" rating and issued a $240.00 target price on shares of Wix.com in a research report on Tuesday, February 18th. Cantor Fitzgerald boosted their price target on Wix.com from $260.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Citigroup increased their price objective on Wix.com from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Jefferies Financial Group increased their target price on shares of Wix.com from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Wix.com has an average rating of "Moderate Buy" and an average target price of $243.74.

Wix.com Stock Performance

WIX stock traded up $5.25 during midday trading on Thursday, hitting $173.88. 623,506 shares of the stock were exchanged, compared to its average volume of 601,059. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 73.99, a PEG ratio of 2.83 and a beta of 1.64. The stock's 50-day moving average price is $207.83 and its 200-day moving average price is $196.61.

Wix.com declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.