UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,343 shares of the information services provider's stock after selling 5,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.62% of Wix.com worth $57,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in WIX. Blue Trust Inc. raised its stake in Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock valued at $31,000 after purchasing an additional 98 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of 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 acquiring an additional 130 shares during the last quarter. CWM LLC increased its stake in shares of 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 acquiring an additional 101 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of 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 acquiring an additional 124 shares during the last quarter. Finally, Metis Global Partners LLC acquired a new stake in shares of Wix.com in the 3rd quarter worth $200,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

Shares of WIX traded up $7.50 during midday trading on Wednesday, hitting $227.22. The company had a trading volume of 502,560 shares, compared to its average volume of 559,220. The company's 50-day simple moving average is $179.16 and its 200-day simple moving average is $167.86. The firm has a market capitalization of $12.46 billion, a P/E ratio of 137.33, a P/E/G ratio of 4.24 and a beta of 1.55. Wix.com Ltd. has a 1 year low of $101.72 and a 1 year high of $227.64.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore ISI raised Wix.com to a "strong-buy" rating in a research note on Thursday, November 21st. Bank of America raised their price objective on Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research 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 report on Thursday, November 21st. Royal Bank of Canada raised their price objective on Wix.com from $190.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Barclays raised their price objective on Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.