Victory Capital Management Inc. Trims Position in Wix.com Ltd. (NASDAQ:WIX)

Victory Capital Management Inc. lessened its holdings in Wix.com Ltd. (NASDAQ:WIX) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,250 shares of the information services provider’s stock after selling 110 shares during the period. Victory Capital Management Inc.’s holdings in Wix.com were worth $2,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WIX. Blue Trust Inc. increased its stake in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the period. CWM LLC grew its holdings 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 valued at $106,000 after purchasing an additional 101 shares in the last quarter. Toronto Dominion Bank increased its stake in Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after buying an additional 124 shares during the period. CIBC Asset Management Inc lifted its holdings in Wix.com by 2.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after buying an additional 136 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Wix.com by 4.7% in the 2nd quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock valued at $520,000 after buying an additional 146 shares during the period. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WIX. B. Riley lifted their price objective on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group increased their target price on Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Piper Sandler increased their price objective on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Finally, Bank of America lifted their price target on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.44.

Wix.com Price Performance

NASDAQ:WIX opened at $217.20 on Monday. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 135.75, a price-to-earnings-growth ratio of 4.21 and a beta of 1.47. Wix.com Ltd. has a 1-year low of $95.65 and a 1-year high of $220.22. The firm’s fifty day moving average price is $170.73 and its 200 day moving average price is $163.10.

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.