Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 59.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,313 shares of the information services provider's stock after selling 360,642 shares during the quarter. Wellington Management Group LLP owned approximately 0.45% of Wix.com worth $40,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC raised its holdings in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider's stock worth $115,475,000 after acquiring an additional 165,810 shares during the last quarter. Sphera Funds Management LTD. increased its position in Wix.com by 36.0% during the 3rd quarter. Sphera Funds Management LTD. now owns 34,253 shares of the information services provider's stock worth $5,726,000 after purchasing an additional 9,076 shares in the last quarter. Quantinno Capital Management LP raised its stake in Wix.com by 5.2% in the 3rd quarter. Quantinno Capital Management LP now owns 10,385 shares of the information services provider's stock valued at $1,736,000 after purchasing an additional 509 shares during the last quarter. Polar Asset Management Partners Inc. lifted its holdings in Wix.com by 192.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider's stock valued at $16,466,000 after purchasing an additional 64,869 shares in the last quarter. Finally, Investment Management Corp of Ontario acquired a new stake in shares of Wix.com during the 3rd quarter worth about $2,147,000. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Stock Performance

Shares of NASDAQ:WIX traded up $6.03 during midday trading on Thursday, hitting $223.02. 419,061 shares of the company's stock traded hands, compared to its average volume of 559,366. The firm's fifty day moving average price is $185.54 and its two-hundred day moving average price is $169.97. Wix.com Ltd. has a twelve month low of $106.11 and a twelve month high of $229.79. The company has a market cap of $12.23 billion, a PE ratio of 139.09, a P/E/G ratio of 4.07 and a beta of 1.55.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WIX shares. Needham & Company LLC reissued a "buy" rating and issued a $200.00 price objective on shares of Wix.com in a research report on Wednesday, November 20th. B. Riley boosted their price target on Wix.com from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Barclays raised their price objective on Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Robert W. Baird upped their target price on Wix.com from $175.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price target on Wix.com from $195.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com has an average rating of "Moderate Buy" and an average price target of $210.71.

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.