GAMMA Investing LLC Acquires 491 Shares of Wix.com Ltd. (NASDAQ:WIX)

GAMMA Investing LLC increased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 962.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 542 shares of the information services provider’s stock after buying an additional 491 shares during the quarter. GAMMA Investing LLC’s holdings in Wix.com were worth $116,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WIX. Franklin Resources Inc. raised its holdings in Wix.com by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 47,143 shares of the information services provider’s stock worth $7,673,000 after purchasing an additional 3,864 shares during the period. Tidal Investments LLC increased its position in Wix.com by 3.4% in the third quarter. Tidal Investments LLC now owns 34,646 shares of the information services provider’s stock worth $5,792,000 after buying an additional 1,127 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Wix.com by 3.2% in the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after buying an additional 14,340 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Wix.com during the 3rd quarter valued at about $10,523,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Wix.com by 1.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 14,680 shares of the information services provider’s stock valued at $2,454,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WIX. B. Riley raised their price objective on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Wix.com in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Citigroup lifted their target price on Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada upped their price target on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.59.

Wix.com Trading Up 1.7 %

NASDAQ:WIX opened at $224.49 on Friday. The firm has a market cap of $12.31 billion, a P/E ratio of 140.31, a price-to-earnings-growth ratio of 4.22 and a beta of 1.56. The stock has a 50 day moving average of $207.43 and a two-hundred day moving average of $177.68. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $229.79.

Wix.com 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.