Baillie Gifford & Co. Lowers Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Baillie Gifford & Co. lessened its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,461,712 shares of the information services provider's stock after selling 726,056 shares during the period. Wix.com makes up approximately 0.8% of Baillie Gifford & Co.'s portfolio, making the stock its 29th biggest holding. Baillie Gifford & Co. owned 11.79% of Wix.com worth $1,080,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Wix.com by 98.0% during the third 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. CWM LLC lifted its holdings in Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider's stock worth $106,000 after buying an additional 101 shares during the period. Industrial Alliance Investment Management Inc. lifted its holdings in Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after buying an additional 488 shares during the period. Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock valued at $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Wix.com during the second quarter valued at approximately $259,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wall Street Analysts Forecast Growth

WIX has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Wix.com in a research report on Thursday, July 25th. They set a "sector weight" rating for the company. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a research report on Monday, August 5th. Benchmark raised their price target on shares of Wix.com from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Piper Sandler raised shares of Wix.com from a "neutral" rating to an "overweight" rating and raised their price target for the company from $184.00 to $200.00 in a research report on Monday, September 23rd. Finally, UBS Group lifted their target price 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. Three 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.06.

Wix.com Price Performance

Shares of Wix.com stock traded up $3.54 during trading hours on Tuesday, reaching $187.18. The company's stock had a trading volume of 395,321 shares, compared to its average volume of 540,637. The firm has a 50 day moving average price of $163.86 and a 200-day moving average price of $158.71. Wix.com Ltd. has a one year low of $86.22 and a one year high of $192.00. The stock has a market cap of $10.26 billion, a P/E ratio of 149.47, a P/E/G ratio of 3.67 and a beta of 1.47.

Wix.com Company 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.