Public Sector Pension Investment Board Grows Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Public Sector Pension Investment Board increased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 23.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,415 shares of the information services provider’s stock after buying an additional 5,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Wix.com were worth $4,583,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 11,497 shares during the last quarter. Quantbot Technologies LP bought a new position in Wix.com in the 3rd quarter worth $3,470,000. Loomis Sayles & Co. L P lifted its position in Wix.com by 23.9% during the third quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider’s stock valued at $31,552,000 after purchasing an additional 36,459 shares in the last quarter. Bedell Frazier Investment Counselling LLC bought a new stake in Wix.com during the third quarter valued at about $201,000. Finally, Daiwa Securities Group Inc. increased its position in Wix.com by 6.0% in the third quarter. Daiwa Securities Group Inc. now owns 4,975 shares of the information services provider’s stock worth $832,000 after buying an additional 280 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on WIX. Piper Sandler increased their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Cantor Fitzgerald increased their price objective 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. Barclays lifted their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. B. Riley increased their price target on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price objective on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Stock Up 2.2 %

WIX stock opened at $223.74 on Monday. Wix.com Ltd. has a 52 week low of $100.13 and a 52 week high of $224.33. The firm has a market capitalization of $12.27 billion, a P/E ratio of 139.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a fifty day simple moving average of $176.92 and a two-hundred day simple moving average of $166.67.

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.