Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 215,259 shares of the information services provider’s stock after acquiring an additional 1,886 shares during the quarter. Sei Investments Co. owned about 0.39% of Wix.com worth $46,184,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WIX. Quantbot Technologies LP boosted its position in shares of Wix.com by 69.0% during the fourth quarter. Quantbot Technologies LP now owns 35,087 shares of the information services provider’s stock worth $7,528,000 after buying an additional 14,328 shares during the period. Semanteon Capital Management LP boosted its position in Wix.com by 51.5% during the 4th quarter. Semanteon Capital Management LP now owns 6,859 shares of the information services provider’s stock worth $1,472,000 after acquiring an additional 2,333 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Wix.com by 1.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,790 shares of the information services provider’s stock worth $1,886,000 after acquiring an additional 106 shares during the period. Teacher Retirement System of Texas grew its position in Wix.com by 30.1% in the 4th quarter. Teacher Retirement System of Texas now owns 21,658 shares of the information services provider’s stock valued at $4,647,000 after buying an additional 5,006 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Wix.com by 82.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,842 shares of the information services provider’s stock valued at $1,038,000 after acquiring an additional 2,188 shares in the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of WIX opened at $172.75 on Tuesday. The firm has a market cap of $9.47 billion, a PE ratio of 73.51, a PEG ratio of 2.83 and a beta of 1.64. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm’s 50 day moving average price is $210.56 and its 200 day moving average price is $196.69.

Wix.com announced that its Board of Directors has initiated a share buyback program on Thursday, February 27th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WIX shares. StockNews.com upgraded Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. UBS Group set a $250.00 price objective on shares of Wix.com in a research note on Wednesday, March 5th. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $225.00 to $300.00 in a research note on Tuesday, January 21st. Scotiabank started coverage on Wix.com in a report on Wednesday, March 5th. They issued a “sector outperform” rating and a $250.00 price target on the stock. Finally, Piper Sandler upped their price objective on shares of Wix.com from $249.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.74.

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.