Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its position in Wix.com Ltd. (NASDAQ:WIXFree Report) by 79.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 201 shares of the information services provider’s stock after acquiring an additional 89 shares during the period. Avior Wealth Management LLC’s holdings in Wix.com were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Wix.com by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares during the period. Blue Trust Inc. boosted its position in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares during the period. CWM LLC boosted its position in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank boosted its position in 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 purchasing an additional 124 shares during the period. Finally, Advisors Asset Management Inc. boosted its position 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 valued at $41,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Down 1.9 %

Shares of WIX stock opened at $242.14 on Thursday. Wix.com Ltd. has a 1-year low of $117.58 and a 1-year high of $247.11. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 151.34, a P/E/G ratio of 2.62 and a beta of 1.56. The stock’s fifty day simple moving average is $224.84 and its 200-day simple moving average is $185.79.

Wall Street Analysts Forecast Growth

WIX has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Wix.com in a research report on Wednesday, November 20th. Cantor Fitzgerald lifted their target price on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $225.00 to $300.00 in a research note on Tuesday, January 21st. Robert W. Baird lifted their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Finally, Benchmark lifted their target price on Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $234.06.

Get Our Latest Report on WIX

Wix.com Profile

(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.

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

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