Handelsbanken Fonder AB Buys 195 Shares of Wix.com Ltd. (NASDAQ:WIX)

Handelsbanken Fonder AB lifted its holdings in Wix.com Ltd. (NASDAQ:WIX) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,594 shares of the information services provider’s stock after acquiring an additional 195 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wix.com were worth $2,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WIX. SG Americas Securities LLC boosted its position in shares of Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after buying an additional 400,265 shares during the period. Captrust Financial Advisors raised its position in shares of Wix.com by 545.7% in the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock valued at $39,864,000 after purchasing an additional 201,532 shares during the period. Whale Rock Capital Management LLC boosted its holdings in shares of Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after acquiring an additional 165,810 shares during the period. Allspring Global Investments Holdings LLC increased its position in Wix.com by 90.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider’s stock worth $39,859,000 after buying an additional 87,327 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its holdings in Wix.com by 192.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock valued at $16,466,000 after purchasing an additional 64,869 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of Wix.com stock opened at $199.21 on Wednesday. The stock has a market capitalization of $10.92 billion, a PE ratio of 84.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.58. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $247.11. The stock has a 50 day moving average price of $225.92 and a two-hundred day moving average price of $194.10.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WIX. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Wix.com in a research note on Thursday, February 20th. StockNews.com upgraded shares of Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group raised their price objective on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Bank of America upped their target price on Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Robert W. Baird raised their price target on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and an average target price of $245.83.

Wix.com Company 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.