Captrust Financial Advisors Has $39.86 Million Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Captrust Financial Advisors grew its holdings in Wix.com Ltd. (NASDAQ:WIX) by 545.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,465 shares of the information services provider’s stock after purchasing an additional 201,532 shares during the period. Captrust Financial Advisors’ holdings in Wix.com were worth $39,864,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vinva Investment Management Ltd increased its position in shares of Wix.com by 84.7% in the third quarter. Vinva Investment Management Ltd now owns 57,709 shares of the information services provider’s stock valued at $9,794,000 after acquiring an additional 26,459 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Wix.com by 23.4% in the third quarter. Public Sector Pension Investment Board now owns 27,415 shares of the information services provider’s stock valued at $4,583,000 after purchasing an additional 5,200 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after purchasing an additional 11,497 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Wix.com during the 3rd quarter worth approximately $3,470,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Wix.com by 23.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider’s stock valued at $31,552,000 after buying an additional 36,459 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

NASDAQ:WIX opened at $223.74 on Friday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 139.84, a P/E/G ratio of 4.21 and a beta of 1.47. Wix.com Ltd. has a 52 week low of $100.13 and a 52 week high of $224.33. The firm’s 50-day simple moving average is $176.92 and its 200 day simple moving average is $166.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Cantor Fitzgerald upped their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Benchmark raised their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays boosted their price target on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird lifted their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.71.

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.