Rice Hall James & Associates LLC Sells 4,507 Shares of Wix.com Ltd. (NASDAQ:WIX)

Rice Hall James & Associates LLC cut its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,778 shares of the information services provider's stock after selling 4,507 shares during the quarter. Wix.com comprises 1.1% of Rice Hall James & Associates LLC's portfolio, making the stock its 27th biggest position. Rice Hall James & Associates LLC owned about 0.16% of Wix.com worth $19,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WIX. CWM LLC grew its stake in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after buying an additional 101 shares in the last quarter. Creative Planning lifted its holdings in Wix.com by 15.8% during the 3rd quarter. Creative Planning now owns 9,310 shares of the information services provider's stock worth $1,556,000 after buying an additional 1,269 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after purchasing an additional 98 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Wix.com in the 3rd quarter worth approximately $661,000. Finally, Signaturefd LLC lifted its holdings in shares of Wix.com by 5.3% in the 3rd quarter. Signaturefd LLC now owns 3,442 shares of the information services provider's stock worth $575,000 after purchasing an additional 173 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

WIX traded down $1.58 during trading on Friday, reaching $202.07. 342,981 shares of the stock traded hands, compared to its average volume of 834,167. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The stock's 50-day simple moving average is $226.63 and its two-hundred day simple moving average is $192.98. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 86.20, a price-to-earnings-growth ratio of 2.42 and a beta of 1.58.

Wall Street Analyst Weigh In

Several analysts recently commented on WIX shares. JMP Securities restated a "market outperform" rating and issued a $240.00 target price on shares of Wix.com in a research report on Tuesday. Barclays lifted their price target on Wix.com from $236.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley upgraded Wix.com from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $248.00 to $276.00 in a report on Monday, January 13th. Evercore ISI upgraded Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Finally, Bank of America raised their target price on Wix.com from $228.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $245.83.

About Wix.com

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.