Munro Partners Buys New Holdings in Wix.com Ltd. $WIX

Munro Partners purchased a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,200 shares of the information services provider’s stock, valued at approximately $2,567,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Wix.com by 63.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 170 shares of the information services provider’s stock worth $28,000 after acquiring an additional 66 shares during the period. Twin Tree Management LP acquired a new stake in Wix.com during the 1st quarter valued at $29,000. Geneos Wealth Management Inc. boosted its position in Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after purchasing an additional 215 shares during the period. Blue Trust Inc. increased its holdings in shares of Wix.com by 47.8% in the second quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 132 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of Wix.com in the second quarter valued at about $77,000. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Down 0.8%

Shares of NASDAQ:WIX opened at $101.87 on Friday. Wix.com Ltd. has a 12-month low of $92.23 and a 12-month high of $247.11. The company’s 50 day moving average price is $122.58 and its two-hundred day moving average price is $141.62. The firm has a market cap of $5.72 billion, a PE ratio of 43.53, a PEG ratio of 2.01 and a beta of 1.42.

Analysts Set New Price Targets

WIX has been the subject of several research analyst reports. JMP Securities set a $185.00 target price on shares of Wix.com in a report on Thursday, November 20th. Wall Street Zen downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Piper Sandler upped their target price on Wix.com from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Benchmark lowered their target price on Wix.com from $230.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Scotiabank dropped their price target on Wix.com from $255.00 to $175.00 and set a “sector outperform” rating for the company in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.05.

Wix.com Company 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.