Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Boosted by Senvest Management LLC

Senvest Management LLC grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 4.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,118,081 shares of the information services provider's stock after acquiring an additional 50,482 shares during the period. Wix.com comprises 6.5% of Senvest Management LLC's investment portfolio, making the stock its 3rd biggest position. Senvest Management LLC owned approximately 2.04% of Wix.com worth $186,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WIX. Dorsal Capital Management LP lifted its holdings in 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 during the last quarter. Clearbridge Investments LLC raised its position 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 valued at $190,482,000 after purchasing an additional 33,338 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Wix.com by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider's stock valued at $124,973,000 after buying an additional 171,500 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Wix.com by 23.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock worth $44,055,000 after buying an additional 49,500 shares during the period. Finally, Eminence Capital LP grew its stake in Wix.com by 7.3% in the 2nd quarter. Eminence Capital LP now owns 244,424 shares of the information services provider's stock valued at $38,881,000 after buying an additional 16,529 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Trading Down 0.9 %

Shares of WIX stock traded down $1.99 during trading hours on Friday, hitting $217.20. 1,270,172 shares of the company's stock were exchanged, compared to its average volume of 588,795. The company has a market capitalization of $11.91 billion, a PE ratio of 135.75, a PEG ratio of 4.21 and a beta of 1.47. Wix.com Ltd. has a 12-month low of $95.65 and a 12-month high of $220.22. The business's 50 day simple moving average is $170.73 and its 200-day simple moving average is $163.10.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of Wix.com in a report on Wednesday. UBS Group raised their target price on Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Benchmark upped their price target on Wix.com from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Wix.com from $195.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $210.44.

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.