Vinva Investment Management Ltd boosted its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,219 shares of the information services provider's stock after buying an additional 13,510 shares during the quarter. Vinva Investment Management Ltd owned approximately 0.13% of Wix.com worth $15,845,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WIX. BNP Paribas Financial Markets lifted its position in shares of Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock worth $5,081,000 after buying an additional 11,497 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Wix.com during the 4th quarter worth $256,000. Oppenheimer & Co. Inc. purchased a new stake in Wix.com in the third quarter valued at $461,000. Loomis Sayles & Co. L P boosted its stake in Wix.com by 23.9% in the third quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider's stock valued at $31,552,000 after acquiring an additional 36,459 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Wix.com by 348.6% during the third quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider's stock worth $1,488,000 after purchasing an additional 6,919 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Wix.com Price Performance
Shares of NASDAQ WIX traded up $3.20 during trading on Friday, hitting $172.33. 1,017,169 shares of the company were exchanged, compared to its average volume of 598,582. Wix.com Ltd. has a 1 year low of $117.58 and a 1 year high of $247.11. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 73.33, a PEG ratio of 2.83 and a beta of 1.64. The firm's fifty day moving average price is $211.60 and its 200 day moving average price is $196.33.
Wix.com declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 27th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on WIX shares. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 target price on shares of Wix.com in a research report on Thursday, February 20th. Morgan Stanley upgraded shares of Wix.com from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $248.00 to $276.00 in a research report on Monday, January 13th. Robert W. Baird lifted their target price on shares of Wix.com from $175.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, November 25th. JPMorgan Chase & Co. decreased their price target on shares of Wix.com from $205.00 to $189.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Raymond James upgraded shares of Wix.com from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $225.00 to $300.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $243.74.
View Our Latest Stock Report on WIX
About Wix.com
(
Free Report)
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.
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