XTX Topco Ltd Buys 6,919 Shares of Wix.com Ltd. (NASDAQ:WIX)

XTX Topco Ltd raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 348.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,904 shares of the information services provider's stock after buying an additional 6,919 shares during the period. XTX Topco Ltd's holdings in Wix.com were worth $1,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. grew its holdings in Wix.com by 9.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 20,271 shares of the information services provider's stock valued at $3,389,000 after buying an additional 1,725 shares during the last quarter. Whale Rock Capital Management LLC boosted its position 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 valued at $115,475,000 after acquiring an additional 165,810 shares during the period. Sphera Funds Management LTD. boosted its position in shares of Wix.com by 36.0% in the third quarter. Sphera Funds Management LTD. now owns 34,253 shares of the information services provider's stock valued at $5,726,000 after acquiring an additional 9,076 shares during the period. Quantinno Capital Management LP grew its stake in shares of Wix.com by 5.2% in the third quarter. Quantinno Capital Management LP now owns 10,385 shares of the information services provider's stock worth $1,736,000 after acquiring an additional 509 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in Wix.com by 192.9% during the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider's stock worth $16,466,000 after acquiring an additional 64,869 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Down 2.2 %

WIX stock traded down $4.94 during midday trading on Monday, reaching $214.74. The stock had a trading volume of 657,580 shares, compared to its average volume of 561,510. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 134.21, a PEG ratio of 4.23 and a beta of 1.55. Wix.com Ltd. has a twelve month low of $102.21 and a twelve month high of $229.79. The business has a fifty day simple moving average of $183.32 and a two-hundred day simple moving average of $169.35.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WIX shares. Piper Sandler raised their price target on shares of Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their target price on shares of Wix.com from $190.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. B. Riley upped their price objective on Wix.com from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Bank of America boosted their price target on Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Cantor Fitzgerald lifted their price objective on Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Four 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's stock. Based on data from MarketBeat.com, Wix.com presently has a consensus rating of "Moderate Buy" and an average target price 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.