Swedbank AB cut its holdings in Wix.com Ltd. (NASDAQ:WIX – Free Report) by 66.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,624 shares of the information services provider’s stock after selling 11,241 shares during the period. Swedbank AB’s holdings in Wix.com were worth $940,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in Wix.com in the 1st quarter worth $37,000. CWM LLC raised its stake in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares during the period. Industrial Alliance Investment Management Inc. lifted its position in shares of Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after buying an additional 488 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares during the period. Finally, First Trust Direct Indexing L.P. purchased a new stake in Wix.com in the 1st quarter worth approximately $214,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.
Wix.com Stock Down 2.2 %
Wix.com stock opened at $173.39 on Friday. The company’s 50-day moving average price is $162.93 and its 200-day moving average price is $153.87. The company has a market cap of $9.91 billion, a PE ratio of 152.10, a price-to-earnings-growth ratio of 3.46 and a beta of 1.48. Wix.com Ltd. has a twelve month low of $76.90 and a twelve month high of $179.00.
Analysts Set New Price Targets
Several equities analysts have weighed in on WIX shares. UBS Group lifted their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Wix.com in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research note on Wednesday, August 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a research note on Thursday, July 25th. Finally, Piper Sandler raised Wix.com from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.06.
Read Our Latest Analysis on WIX
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
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Survey Reveals: America’s Most Coveted Businesses in 2024
- What Are the U.K. Market Holidays? How to Invest and Trade
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Analysts See Growth in CrowdStrike Stock Despite July Setback
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.