Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 29.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 107,200 shares of the information services provider's stock after selling 44,100 shares during the period. Two Sigma Advisers LP owned approximately 0.20% of Wix.com worth $17,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dorsal Capital Management LP lifted its holdings in shares of Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider's stock valued at $206,791,000 after purchasing an additional 250,000 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider's stock worth $190,482,000 after acquiring an additional 33,338 shares during the period. Senvest Management LLC raised its holdings in shares of Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider's stock valued at $186,910,000 after purchasing an additional 50,482 shares during the last quarter. Renaissance Technologies LLC lifted its position in Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider's stock valued at $124,973,000 after purchasing an additional 171,500 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock worth $44,055,000 after acquiring an additional 49,500 shares during the period. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Stock Down 2.2 %

Shares of NASDAQ WIX traded down $4.94 during midday trading on Monday, reaching $214.74. 657,580 shares of the stock were exchanged, compared to its average volume of 561,510. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 137.30, a PEG ratio of 4.23 and a beta of 1.55. The firm has a 50-day simple moving average of $182.37 and a two-hundred day simple moving average of $169.00. Wix.com Ltd. has a twelve month low of $102.21 and a twelve month high of $229.79.

Analyst Ratings Changes

WIX has been the subject of several recent research reports. Bank of America boosted their target price on shares of Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Needham & Company LLC reissued a "buy" rating and set a $200.00 price target on shares of Wix.com in a report on Wednesday, November 20th. Benchmark raised 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. Robert W. Baird increased their target price on shares of Wix.com from $175.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. Finally, Barclays upped their price target on shares of Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wix.com has a consensus rating of "Moderate Buy" and a consensus target price of $210.71.

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.