Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,638 shares of the information services provider’s stock after buying an additional 6,769 shares during the quarter. WCM Investment Management LLC owned about 0.07% of Wix.com worth $7,965,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Senvest Management LLC lifted its stake in shares of Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after buying an additional 50,482 shares during the period. Whale Rock Capital Management LLC raised its holdings in Wix.com by 31.6% in the 3rd 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 last quarter. SG Americas Securities LLC raised its holdings in Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after acquiring an additional 400,265 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Wix.com by 3.2% during the 3rd 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Wix.com by 23.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after purchasing an additional 49,500 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WIX. Raymond James upgraded Wix.com from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $225.00 to $300.00 in a research note on Tuesday, January 21st. Citigroup upped their price objective on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Barclays boosted their target price 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, B. Riley increased their price target on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and an average price target of $232.61.

Wix.com Stock Down 1.1 %

NASDAQ WIX opened at $220.31 on Monday. The stock has a market cap of $12.08 billion, a PE ratio of 137.69, a P/E/G ratio of 2.48 and a beta of 1.58. The business has a 50 day moving average price of $226.11 and a two-hundred day moving average price of $189.14. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11.

Wix.com 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.