Harbor Capital Advisors Inc. Acquires 13,894 Shares of Wix.com Ltd. (NASDAQ:WIX)

Harbor Capital Advisors Inc. lifted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 159.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,596 shares of the information services provider’s stock after purchasing an additional 13,894 shares during the period. Harbor Capital Advisors Inc.’s holdings in Wix.com were worth $4,848,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Dorsal Capital Management LP boosted its stake in Wix.com by 23.8% in the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after acquiring an additional 250,000 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after purchasing an additional 33,338 shares during the last quarter. Senvest Management LLC lifted its stake in Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after purchasing an additional 50,482 shares during the last quarter. Renaissance Technologies LLC increased its position in Wix.com by 27.9% in the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after buying an additional 171,500 shares during the last quarter. Finally, Whale Rock Capital Management LLC raised its stake in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after buying an additional 165,810 shares during the period. Institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WIX shares. JPMorgan Chase & Co. increased their price target on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Cantor Fitzgerald lifted their target price 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. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Royal Bank of Canada boosted their target price on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Benchmark raised their price target on Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.59.

Wix.com Stock Down 2.6 %

WIX opened at $218.62 on Friday. The business’s fifty day simple moving average is $209.67 and its 200 day simple moving average is $178.43. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $229.79. The stock has a market cap of $11.99 billion, a PE ratio of 136.64, a P/E/G ratio of 4.22 and a beta of 1.56.

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.