Loomis Sayles & Co. L P Boosts Holdings in Wix.com Ltd. (NASDAQ:WIX)

Loomis Sayles & Co. L P boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 23.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 188,746 shares of the information services provider’s stock after buying an additional 36,459 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Wix.com were worth $31,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Wix.com by 98.0% during the 3rd 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 last quarter. Advisors Asset Management Inc. increased 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 acquiring an additional 130 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after acquiring an additional 488 shares during the period. CWM LLC lifted its holdings in shares of 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 acquiring an additional 101 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WIX shares. Royal Bank of Canada boosted their target price on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Piper Sandler increased their target price on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Cantor Fitzgerald boosted their price target on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Price Performance

Shares of NASDAQ WIX opened at $223.41 on Tuesday. The stock has a fifty day moving average price of $170.73 and a 200 day moving average price of $163.40. Wix.com Ltd. has a 1-year low of $95.65 and a 1-year high of $223.95. The company has a market cap of $12.25 billion, a PE ratio of 139.63, a P/E/G ratio of 4.24 and a beta of 1.47.

About Wix.com

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.