PDT Partners LLC Decreases Stake in Wix.com Ltd. (NASDAQ:WIX)

PDT Partners LLC decreased its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 44.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,512 shares of the information services provider's stock after selling 7,463 shares during the period. PDT Partners LLC's holdings in Wix.com were worth $1,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fred Alger Management LLC grew its holdings in shares of Wix.com by 311.7% during the 3rd quarter. Fred Alger Management LLC now owns 50,979 shares of the information services provider's stock valued at $8,522,000 after purchasing an additional 38,597 shares during the last quarter. Captrust Financial Advisors boosted its position in Wix.com by 545.7% in the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider's stock valued at $39,864,000 after buying an additional 201,532 shares in the last quarter. Vinva Investment Management Ltd grew its stake in shares of Wix.com by 84.7% during the third quarter. Vinva Investment Management Ltd now owns 57,709 shares of the information services provider's stock worth $9,794,000 after buying an additional 26,459 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Wix.com by 23.4% during the third quarter. Public Sector Pension Investment Board now owns 27,415 shares of the information services provider's stock worth $4,583,000 after buying an additional 5,200 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Wix.com by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock worth $5,081,000 after buying an additional 11,497 shares in the last quarter. Institutional investors own 81.52% of the company's stock.

Wix.com Stock Performance

WIX traded down $3.23 during midday trading on Monday, reaching $220.51. 623,471 shares of the company were exchanged, compared to its average volume of 559,709. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 137.82, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55. Wix.com Ltd. has a one year low of $101.72 and a one year high of $225.80. The company's fifty day moving average price is $178.05 and its 200 day moving average price is $167.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WIX shares. Benchmark boosted their price objective on Wix.com from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a research report on Thursday, November 21st. Robert W. Baird upped their price target on shares of Wix.com from $175.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Bank of America boosted their price objective on shares of Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, B. Riley raised their target price on Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Four equities research 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.