Y Intercept Hong Kong Ltd Decreases Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Y Intercept Hong Kong Ltd lessened its holdings in Wix.com Ltd. (NASDAQ:WIX) by 47.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,814 shares of the information services provider’s stock after selling 5,275 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Wix.com were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WIX. Creative Planning increased its stake in Wix.com by 15.8% in the third quarter. Creative Planning now owns 9,310 shares of the information services provider’s stock worth $1,556,000 after purchasing an additional 1,269 shares during the period. Blue Trust Inc. increased its stake in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the period. Assenagon Asset Management S.A. increased its stake in Wix.com by 13.3% in the third quarter. Assenagon Asset Management S.A. now owns 13,519 shares of the information services provider’s stock worth $2,260,000 after purchasing an additional 1,584 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Wix.com by 7.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,275 shares of the information services provider’s stock worth $380,000 after purchasing an additional 165 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in Wix.com by 35.4% in the third quarter. First Trust Direct Indexing L.P. now owns 2,024 shares of the information services provider’s stock worth $338,000 after purchasing an additional 529 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $199.16 on Thursday. The company has a market cap of $10.92 billion, a PE ratio of 84.75, a P/E/G ratio of 2.83 and a beta of 1.58. The business has a 50-day simple moving average of $225.52 and a two-hundred day simple moving average of $194.36. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird raised their price target on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Barclays raised their price target on Wix.com from $236.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. UBS Group raised their price target on Wix.com from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Bank of America raised their price target on Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Cantor Fitzgerald raised their price target on Wix.com from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.83.

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.