Quantbot Technologies LP Acquires 14,328 Shares of Wix.com Ltd. (NASDAQ:WIX)

Quantbot Technologies LP boosted its stake in Wix.com Ltd. (NASDAQ:WIX) by 69.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,087 shares of the information services provider’s stock after acquiring an additional 14,328 shares during the period. Quantbot Technologies LP owned 0.06% of Wix.com worth $7,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WIX. Semanteon Capital Management LP lifted its holdings in Wix.com by 51.5% in the fourth quarter. Semanteon Capital Management LP now owns 6,859 shares of the information services provider’s stock worth $1,472,000 after buying an additional 2,333 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Wix.com by 1.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,790 shares of the information services provider’s stock valued at $1,886,000 after purchasing an additional 106 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of 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 worth $4,647,000 after buying an additional 5,006 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in 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 worth $1,038,000 after acquiring an additional 2,188 shares in the last quarter. Finally, Vinva Investment Management Ltd grew its stake in shares of Wix.com by 23.4% in the fourth quarter. Vinva Investment Management Ltd now owns 71,219 shares of the information services provider’s stock worth $15,845,000 after acquiring an additional 13,510 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WIX shares. Barclays increased their price target on shares of Wix.com from $236.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Wix.com in a report on Wednesday, February 19th. Piper Sandler boosted their target price on Wix.com from $249.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $240.00 price objective on shares of Wix.com in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.74.

Wix.com Stock Down 1.2 %

WIX stock opened at $172.83 on Friday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 73.54, a PEG ratio of 2.83 and a beta of 1.64. The business’s fifty day simple moving average is $217.76 and its two-hundred day simple moving average is $195.81.

Wix.com declared that its Board of Directors has approved a share buyback program on Thursday, February 27th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.