Citigroup Inc. Has $7.27 Million Stake in Wix.com Ltd. (NASDAQ:WIX)

Citigroup Inc. lowered its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 14.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 43,482 shares of the information services provider's stock after selling 7,577 shares during the period. Citigroup Inc. owned approximately 0.08% of Wix.com worth $7,269,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings 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 buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock valued at $41,000 after purchasing an additional 130 shares during the period. CWM LLC boosted its holdings in 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 purchasing an additional 101 shares during the period. Toronto Dominion Bank grew its position in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock worth $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Metis Global Partners LLC bought a new position in Wix.com during the 3rd quarter worth $200,000. 81.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WIX has been the topic of several analyst reports. Bank of America increased their target price on Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. UBS Group increased their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Cantor Fitzgerald boosted their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. B. Riley increased their price target on shares of Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.71.

Wix.com Stock Up 2.2 %

NASDAQ WIX traded up $4.83 on Friday, hitting $223.74. The company's stock had a trading volume of 283,476 shares, compared to its average volume of 691,285. The company's 50-day moving average is $176.92 and its 200 day moving average is $166.46. The firm has a market cap of $12.27 billion, a PE ratio of 139.84, a PEG ratio of 4.30 and a beta of 1.47. Wix.com Ltd. has a 1-year low of $100.13 and a 1-year high of $224.33.

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.