Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,613,289 shares of the information services provider's stock after selling 848,423 shares during the period. Wix.com makes up approximately 0.9% of Baillie Gifford & Co.'s investment portfolio, making the stock its 26th biggest position. Baillie Gifford & Co. owned 10.24% of Wix.com worth $1,204,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock valued at $101,253,000 after acquiring an additional 400,265 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Wix.com by 545.7% in the 3rd quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider's stock valued at $39,864,000 after acquiring an additional 201,532 shares during the last quarter. Whale Rock Capital Management LLC lifted its holdings in shares of Wix.com by 31.6% in the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider's stock valued at $115,475,000 after acquiring an additional 165,810 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Wix.com by 90.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider's stock worth $39,859,000 after purchasing an additional 87,327 shares during the last quarter. Finally, Polar Asset Management Partners Inc. lifted its stake in Wix.com by 192.9% in the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider's stock worth $16,466,000 after purchasing an additional 64,869 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $240.00 price objective on shares of Wix.com in a research note on Tuesday. Citigroup raised their price objective on shares of Wix.com from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday. Barclays raised their price objective on shares of Wix.com from $236.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler raised their price objective on shares of Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Robert W. Baird raised their price objective on shares of Wix.com from $175.00 to $215.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.11.

Wix.com Stock Down 6.2 %

WIX stock traded down $13.35 during trading on Thursday, hitting $203.65. 1,287,425 shares of the company's stock traded hands, compared to its average volume of 849,540. The firm has a market capitalization of $11.16 billion, a P/E ratio of 127.28, a PEG ratio of 2.54 and a beta of 1.58. The business has a fifty day simple moving average of $226.63 and a two-hundred day simple moving average of $192.98. Wix.com Ltd. has a 1 year low of $117.58 and a 1 year high of $247.11.

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.