EAM Global Investors LLC Has $9.33 Million Holdings in Wix.com Ltd. (NASDAQ:WIX)

EAM Global Investors LLC lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 10.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,493 shares of the information services provider’s stock after selling 5,149 shares during the period. Wix.com comprises 1.7% of EAM Global Investors LLC’s portfolio, making the stock its 2nd largest holding. EAM Global Investors LLC’s holdings in Wix.com were worth $9,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in Wix.com in the 4th quarter worth approximately $43,000. Avior Wealth Management LLC increased its stake in shares of Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after buying an additional 89 shares during the period. Global Retirement Partners LLC raised its position in shares of Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after acquiring an additional 58 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Wix.com during the fourth quarter valued at $52,000. Finally, Blue Trust Inc. boosted its holdings in Wix.com by 28.3% in the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Benchmark lifted their price target on shares of Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Citigroup lifted their target price on shares of Wix.com from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. StockNews.com raised Wix.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Jefferies Financial Group reduced their price target on Wix.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Finally, Bank of America upped their price objective on Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and an average price target of $242.53.

Wix.com Stock Up 1.3 %

Shares of WIX stock opened at $160.81 on Wednesday. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11. The firm has a fifty day moving average of $183.26 and a 200-day moving average of $196.22. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 68.43, a P/E/G ratio of 2.83 and a beta of 1.65.

Wix.com announced that its board has initiated a stock buyback plan on Thursday, February 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information services provider to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.