1,191 Shares in Wix.com Ltd. (NASDAQ:WIX) Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC bought a new position in shares of Wix.com Ltd. (NASDAQ:WIXFree Report) in the fourth quarter, HoldingsChannel reports. The firm bought 1,191 shares of the information services provider’s stock, valued at approximately $256,000.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Wix.com by 448.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock worth $1,375,000 after acquiring an additional 7,070 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Wix.com by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 23,577 shares of the information services provider’s stock valued at $3,757,000 after buying an additional 2,330 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Wix.com in the 2nd quarter valued at approximately $325,000. Toronto Dominion Bank boosted its holdings in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares during the last quarter. Finally, MBB Public Markets I LLC boosted its holdings in shares of Wix.com by 123.7% in the 2nd quarter. MBB Public Markets I LLC now owns 3,749 shares of the information services provider’s stock valued at $596,000 after buying an additional 2,073 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $242.14 on Thursday. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $247.11. The stock has a market capitalization of $13.27 billion, a P/E ratio of 151.34, a PEG ratio of 2.62 and a beta of 1.56. The stock’s fifty day moving average is $224.84 and its 200 day moving average is $185.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. Barclays raised their price target on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Jefferies Financial Group raised their price target on Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, B. Riley raised their price target on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.06.

Get Our Latest Analysis on Wix.com

About Wix.com

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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