Jefferies Financial Group Increases Wix.com (NASDAQ:WIX) Price Target to $260.00

Wix.com (NASDAQ:WIX - Free Report) had its target price lifted by Jefferies Financial Group from $225.00 to $260.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the information services provider's stock.

A number of other brokerages have also recently issued reports on WIX. StockNews.com upgraded shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. JPMorgan Chase & Co. upped their target price on shares of Wix.com from $195.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Piper Sandler raised their price target on shares of Wix.com from $200.00 to $249.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price objective on shares of Wix.com from $190.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Citigroup increased their target price on Wix.com from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $220.59.

Wix.com Trading Up 1.9 %

NASDAQ:WIX traded up $4.20 during trading hours on Monday, reaching $226.95. 651,087 shares of the company traded hands, compared to its average volume of 558,096. The business's 50-day moving average price is $204.03 and its two-hundred day moving average price is $176.31. Wix.com has a 1 year low of $117.58 and a 1 year high of $229.79. The stock has a market capitalization of $12.44 billion, a P/E ratio of 141.84, a P/E/G ratio of 4.22 and a beta of 1.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CWA Asset Management Group LLC purchased a new position in shares of Wix.com during the 4th quarter valued at about $1,042,000. GAMMA Investing LLC lifted its holdings in Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider's stock valued at $116,000 after purchasing an additional 491 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Wix.com by 8.9% during the third quarter. Franklin Resources Inc. now owns 47,143 shares of the information services provider's stock valued at $7,673,000 after purchasing an additional 3,864 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Wix.com by 3.4% in the third quarter. Tidal Investments LLC now owns 34,646 shares of the information services provider's stock worth $5,792,000 after purchasing an additional 1,127 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Wix.com by 3.2% in the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider's stock worth $76,848,000 after purchasing an additional 14,340 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

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.