Lido Advisors LLC acquired a new position in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,608 shares of the information services provider’s stock, valued at approximately $361,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in WIX. California Public Employees Retirement System increased its stake in Wix.com by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 95,751 shares of the information services provider’s stock valued at $7,492,000 after buying an additional 5,826 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Wix.com by 29.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,984 shares of the information services provider’s stock worth $1,798,000 after buying an additional 5,241 shares during the period. Leuthold Group LLC bought a new position in Wix.com in the 2nd quarter valued at $3,777,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Wix.com by 25.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,510 shares of the information services provider’s stock valued at $3,326,000 after purchasing an additional 8,738 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Wix.com by 169.1% in the 2nd quarter. Acadian Asset Management LLC now owns 2,314,320 shares of the information services provider’s stock valued at $181,031,000 after purchasing an additional 1,454,312 shares during the period. Institutional investors own 83.91% of the company’s stock.
Analysts Set New Price Targets
WIX has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $130.00 target price on shares of Wix.com in a research report on Friday, November 10th. Morgan Stanley lifted their target price on shares of Wix.com from $102.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. Credit Suisse Group reissued an “outperform” rating and set a $110.00 price objective on shares of Wix.com in a research note on Monday, August 14th. Barclays raised shares of Wix.com from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $105.00 to $130.00 in a research note on Wednesday, November 15th. Finally, Needham & Company LLC boosted their price objective on shares of Wix.com from $120.00 to $130.00 in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $117.63.
Wix.com Stock Performance
NASDAQ WIX opened at $96.79 on Monday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of -569.32 and a beta of 1.21. The company’s 50-day simple moving average is $88.10 and its two-hundred day simple moving average is $85.28. Wix.com Ltd. has a one year low of $70.28 and a one year high of $102.82.
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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