Wix.com Ltd. (NASDAQ:WIX) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC trimmed its position in Wix.com Ltd. (NASDAQ:WIX) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,263 shares of the information services provider’s stock after selling 2,256 shares during the quarter. ARK Investment Management LLC’s holdings in Wix.com were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after buying an additional 130 shares during the last quarter. Avior Wealth Management LLC increased its position in Wix.com by 79.5% in the fourth 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 period. Newbridge Financial Services Group Inc. bought a new stake in Wix.com in the fourth quarter valued at $43,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 58 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $199.16 on Thursday. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 84.75, a PEG ratio of 2.83 and a beta of 1.58. Wix.com Ltd. has a 1-year low of $117.58 and a 1-year high of $247.11. The company has a 50 day moving average price of $225.52 and a 200 day moving average price of $194.36.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective 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. Raymond James upgraded shares of Wix.com from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $225.00 to $300.00 in a research note on Tuesday, January 21st. Morgan Stanley upgraded Wix.com from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $248.00 to $276.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on Wix.com from $205.00 to $189.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, B. Riley lifted their target price on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One research 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 company. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $245.83.

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.