Clearbridge Investments LLC lifted its position in Wix.com Ltd. (NASDAQ:WIX – Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,136 shares of the information services provider’s stock after purchasing an additional 20,342 shares during the period. Clearbridge Investments LLC owned about 2.09% of Wix.com worth $160,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighMark Wealth Management LLC bought a new position in shares of Wix.com during the fourth quarter worth $26,000. Northwest Bank & Trust Co bought a new position in shares of Wix.com during the fourth quarter worth $26,000. Fidelis Capital Partners LLC bought a new position in shares of Wix.com during the first quarter worth $37,000. Principal Securities Inc. bought a new position in shares of Wix.com during the fourth quarter worth $93,000. Finally, Optimist Retirement Group LLC bought a new position in shares of Wix.com during the fourth quarter worth $201,000. 81.52% of the stock is owned by hedge funds and other institutional investors.
Wix.com Stock Performance
WIX stock traded up $2.62 during trading on Tuesday, reaching $168.74. The company had a trading volume of 268,078 shares, compared to its average volume of 619,551. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $178.65. The firm has a 50-day simple moving average of $161.10 and a 200-day simple moving average of $140.98. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 148.02, a price-to-earnings-growth ratio of 3.86 and a beta of 1.47.
Analyst Upgrades and Downgrades
Several research firms have commented on WIX. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Wix.com in a research report on Monday, May 20th. JMP Securities raised their target price on shares of Wix.com from $150.00 to $180.00 and gave the stock a “market outperform” rating in a report on Tuesday, May 21st. Bank of America raised their price target on shares of Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada raised their price target on shares of Wix.com from $160.00 to $190.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Finally, UBS Group raised their price target on shares of Wix.com from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $175.59.
Read Our Latest Stock Report on Wix.com
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.
Featured Articles
- Five stocks we like better than Wix.com
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- ScottsMiracle-Gro Stock Blooms After Investor Day Optimism
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Leading Beverage Company’s Stock Bubbles Higher: Rally Ahead
- 5 discounted opportunities for dividend growth investors
- Can This Meme Stock Stage One Last Rally?
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX – Free Report).
Receive News & Ratings for Wix.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com and related companies with MarketBeat.com's FREE daily email newsletter.