Tudor Investment Corp Et Al decreased its stake in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 26.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,260 shares of the information services provider’s stock after selling 16,593 shares during the quarter. Tudor Investment Corp Et Al’s holdings in Wix.com were worth $4,338,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Lido Advisors LLC bought a new position in Wix.com in the second quarter worth about $361,000. Canada Pension Plan Investment Board lifted its holdings in Wix.com by 112.1% in the third quarter. Canada Pension Plan Investment Board now owns 48,430 shares of the information services provider’s stock worth $4,446,000 after acquiring an additional 25,600 shares during the last quarter. Boston Partners lifted its holdings in Wix.com by 83.8% in the third quarter. Boston Partners now owns 29,658 shares of the information services provider’s stock worth $2,723,000 after acquiring an additional 13,518 shares during the last quarter. 13D Management LLC lifted its holdings in Wix.com by 49.1% in the third quarter. 13D Management LLC now owns 96,336 shares of the information services provider’s stock worth $8,844,000 after acquiring an additional 31,736 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Wix.com in the third quarter worth about $1,208,000. Institutional investors own 83.91% of the company’s stock.
Wix.com Price Performance
NASDAQ WIX opened at $138.43 on Tuesday. Wix.com Ltd. has a 12 month low of $73.39 and a 12 month high of $143.59. The firm has a market capitalization of $7.91 billion, a PE ratio of 251.69, a P/E/G ratio of 4.78 and a beta of 1.34. The company’s 50 day simple moving average is $129.51 and its 200 day simple moving average is $107.95.
Analyst Ratings Changes
A number of brokerages have issued reports on WIX. Royal Bank of Canada raised their target price on shares of Wix.com from $135.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. JMP Securities raised their price target on shares of Wix.com from $130.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Benchmark raised their price target on shares of Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Bank of America restated a “buy” rating and issued a $126.00 price target on shares of Wix.com in a research note on Friday, December 8th. Finally, B. Riley raised their price target on shares of Wix.com from $120.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.27.
Get Our Latest Stock Analysis on WIX
Wix.com Company Profile
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs.
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