Wix.com Ltd. $WIX Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC raised its position in Wix.com Ltd. (NASDAQ:WIX) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,986 shares of the information services provider’s stock after purchasing an additional 24,599 shares during the quarter. Wix.com accounts for approximately 2.0% of Rice Hall James & Associates LLC’s portfolio, making the stock its 9th largest position. Rice Hall James & Associates LLC’s holdings in Wix.com were worth $35,879,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WIX shares. Bank of America reduced their target price on shares of Wix.com from $210.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. B. Riley reaffirmed a “buy” rating and issued a $200.00 price target (down previously from $230.00) on shares of Wix.com in a research report on Thursday, November 20th. Citigroup lowered their price objective on Wix.com from $197.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Evercore ISI reduced their target price on shares of Wix.com from $250.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, UBS Group reiterated an “overweight” rating on shares of Wix.com in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.67.

Wix.com Stock Up 0.1%

NASDAQ:WIX opened at $105.50 on Friday. Wix.com Ltd. has a 52-week low of $92.23 and a 52-week high of $247.11. The stock’s 50 day moving average price is $116.07 and its 200 day moving average price is $138.38. The company has a market capitalization of $5.92 billion, a PE ratio of 45.09, a P/E/G ratio of 2.08 and a beta of 1.42.

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.