Worldquant Millennium Advisors LLC Sells 43,958 Shares of Wix.com Ltd. (NASDAQ:WIX)

Worldquant Millennium Advisors LLC reduced its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 41.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,218 shares of the information services provider's stock after selling 43,958 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.12% of Wix.com worth $10,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock valued at $44,055,000 after buying an additional 49,500 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Wix.com in the third quarter worth $661,000. Dimensional Fund Advisors LP increased its position in Wix.com by 448.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider's stock valued at $1,375,000 after acquiring an additional 7,070 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Wix.com by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock valued at $5,081,000 after acquiring an additional 11,497 shares during the period. Finally, Lakehouse Capital Pty Ltd boosted its position in Wix.com by 26.2% in the third quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider's stock worth $10,148,000 after purchasing an additional 12,600 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a report on Thursday, November 21st. Barclays lifted their price target on shares of Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Cantor Fitzgerald upped their price objective on Wix.com from $200.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of Wix.com in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.71.

Wix.com Stock Down 0.7 %

WIX stock traded down $1.54 during mid-day trading on Friday, hitting $219.68. The company had a trading volume of 417,641 shares, compared to its average volume of 761,268. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 137.30, a P/E/G ratio of 4.23 and a beta of 1.55. The company has a 50-day moving average price of $182.37 and a 200 day moving average price of $168.99. Wix.com Ltd. has a 12-month low of $101.72 and a 12-month high of $229.79.

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.