Rice Hall James & Associates LLC Sells 4,507 Shares of Wix.com Ltd. (NASDAQ:WIX)

Rice Hall James & Associates LLC reduced its holdings in Wix.com Ltd. (NASDAQ:WIX) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,778 shares of the information services provider’s stock after selling 4,507 shares during the quarter. Wix.com accounts for about 1.1% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 27th largest holding. Rice Hall James & Associates LLC’s holdings in Wix.com were worth $19,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Wix.com by 23.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after buying an additional 49,500 shares during the period. Toth Financial Advisory Corp acquired a new position in shares of Wix.com during the third quarter worth about $661,000. BNP Paribas Financial Markets boosted its position in shares of Wix.com by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after buying an additional 11,497 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Wix.com during the fourth quarter valued at approximately $256,000. Finally, Cumberland Partners Ltd boosted its position in Wix.com by 18.8% during the third quarter. Cumberland Partners Ltd now owns 19,000 shares of the information services provider’s stock valued at $3,176,000 after purchasing an additional 3,000 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Price Performance

Wix.com stock opened at $223.70 on Tuesday. The stock’s fifty day moving average price is $226.72 and its two-hundred day moving average price is $192.17. Wix.com Ltd. has a one year low of $117.58 and a one year high of $247.11. The firm has a market cap of $12.26 billion, a PE ratio of 139.81, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58.

Analyst Ratings Changes

Several brokerages recently commented on WIX. Evercore ISI raised Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada increased their price target on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Citigroup increased their price target on Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley raised Wix.com from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $248.00 to $276.00 in a research report on Monday, January 13th. Finally, Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $225.00 to $300.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.61.

Wix.com 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.