Harel Insurance Investments & Financial Services Ltd. Has $2.26 Million Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 1,439.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,545 shares of the information services provider’s stock after purchasing an additional 9,860 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Wix.com were worth $2,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its stake in Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings 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 worth $41,000 after purchasing an additional 130 shares during the period. Avior Wealth Management LLC grew its position in shares of Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Wix.com by 113.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after purchasing an additional 139 shares in the last quarter. Finally, CWM LLC raised its position 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 in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Wix.com stock opened at $235.01 on Friday. The business’s 50-day simple moving average is $221.86 and its 200-day simple moving average is $183.99. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $246.82. The firm has a market capitalization of $12.88 billion, a PE ratio of 146.88, a PEG ratio of 2.62 and a beta of 1.56.

Analyst Ratings Changes

WIX has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Morgan Stanley raised shares of Wix.com from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $248.00 to $276.00 in a report on Monday, January 13th. Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their target price on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group upped their price objective on Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.06.

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.