Tidal Investments LLC Acquires 1,127 Shares of Wix.com Ltd. (NASDAQ:WIX)

Tidal Investments LLC raised its holdings in Wix.com Ltd. (NASDAQ:WIX) by 3.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,646 shares of the information services provider’s stock after buying an additional 1,127 shares during the quarter. Tidal Investments LLC owned 0.06% of Wix.com worth $5,792,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares during the period. CWM LLC grew its position in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the period. Advisors Asset Management Inc. raised its position in shares of Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Wix.com by 2.9% in the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after buying an additional 136 shares during the period. 81.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WIX has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their price objective on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Bank of America raised their target price on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays boosted their price target on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada raised 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. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Stock Performance

Wix.com stock opened at $219.61 on Friday. The business’s fifty day moving average is $188.09 and its two-hundred day moving average is $170.70. The firm has a market cap of $12.04 billion, a P/E ratio of 137.26, a P/E/G ratio of 4.32 and a beta of 1.55. Wix.com Ltd. has a 52 week low of $110.75 and a 52 week 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.