WCM Investment Management LLC Acquires Shares of 29,869 Wix.com Ltd. (NASDAQ:WIX)

WCM Investment Management LLC acquired a new stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 29,869 shares of the information services provider's stock, valued at approximately $5,027,000. WCM Investment Management LLC owned approximately 0.05% of Wix.com at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. GDS Wealth Management acquired a new position in shares of Wix.com during the third quarter worth $419,000. State of New Jersey Common Pension Fund D raised its stake in shares of Wix.com by 7.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 22,305 shares of the information services provider's stock worth $3,729,000 after purchasing an additional 1,600 shares during the last quarter. 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 valued at $44,055,000 after acquiring an additional 49,500 shares in the last quarter. M&G PLC grew its stake in shares of Wix.com by 2.9% during the 3rd quarter. M&G PLC now owns 67,310 shares of the information services provider's stock worth $11,241,000 after acquiring an additional 1,923 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Wix.com by 13.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 116,616 shares of the information services provider's stock valued at $19,495,000 after buying an additional 13,891 shares during the period. Institutional investors and hedge funds own 81.52% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on WIX. Piper Sandler upgraded Wix.com from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $184.00 to $200.00 in a research report on Monday, September 23rd. Barclays dropped their price target on Wix.com from $186.00 to $184.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 1st. Benchmark raised their price objective on Wix.com from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $190.00 target price on shares of Wix.com in a research report on Wednesday, August 7th. Finally, KeyCorp assumed coverage on shares of Wix.com in a research note on Thursday, July 25th. They set a "sector weight" rating for the company. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $190.06.

Wix.com Stock Performance

Shares of NASDAQ WIX traded up $5.30 during midday trading on Tuesday, reaching $188.94. 731,748 shares of the stock were exchanged, compared to its average volume of 542,212. The company has a 50 day simple moving average of $163.86 and a 200 day simple moving average of $158.71. Wix.com Ltd. has a twelve month low of $86.22 and a twelve month high of $192.00. The stock has a market capitalization of $10.36 billion, a P/E ratio of 149.47, a PEG ratio of 3.67 and a beta of 1.47.

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.