Whale Rock Capital Management LLC Raises Position in Wix.com Ltd. (NASDAQ:WIX)

Whale Rock Capital Management LLC boosted its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 31.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 690,765 shares of the information services provider's stock after acquiring an additional 165,810 shares during the quarter. Wix.com accounts for about 1.6% of Whale Rock Capital Management LLC's holdings, making the stock its 24th biggest holding. Whale Rock Capital Management LLC owned 1.26% of Wix.com worth $115,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after acquiring an additional 98 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock worth $41,000 after buying an additional 130 shares during the last quarter. CWM LLC boosted its holdings 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 valued at $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank grew its position 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 valued at $124,000 after buying an additional 124 shares during the last quarter. Finally, Metis Global Partners LLC acquired a new stake in Wix.com during the 3rd quarter worth $200,000. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Price Performance

NASDAQ:WIX traded down $1.44 during mid-day trading on Friday, reaching $219.78. The company's stock had a trading volume of 307,168 shares, compared to its average volume of 560,492. The stock has a market cap of $12.05 billion, a P/E ratio of 138.26, a P/E/G ratio of 4.41 and a beta of 1.55. The company's fifty day simple moving average is $181.34 and its two-hundred day simple moving average is $168.66. Wix.com Ltd. has a twelve month low of $101.72 and a twelve month high of $229.79.

Analyst Ratings Changes

Several research analysts have issued reports on WIX shares. UBS Group raised their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on Wix.com from $195.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Bank of America upped their price target on Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Benchmark lifted their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Barclays upped their price objective 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 investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wix.com presently 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.