Robeco Institutional Asset Management B.V. Has $13.23 Million Stock Holdings in Wix.com Ltd. $WIX

Robeco Institutional Asset Management B.V. decreased its position in Wix.com Ltd. (NASDAQ:WIX) by 33.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 74,452 shares of the information services provider’s stock after selling 37,648 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Wix.com were worth $13,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lone Pine Capital LLC acquired a new position in Wix.com in the second quarter valued at about $342,485,000. Acadian Asset Management LLC raised its stake in shares of Wix.com by 0.4% in the second quarter. Acadian Asset Management LLC now owns 2,119,805 shares of the information services provider’s stock valued at $335,852,000 after acquiring an additional 7,729 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of Wix.com by 32.2% in the 2nd quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after acquiring an additional 496,770 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Wix.com by 879.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,031,591 shares of the information services provider’s stock worth $321,926,000 after acquiring an additional 1,824,070 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Wix.com by 27.4% during the 2nd quarter. Lazard Asset Management LLC now owns 1,542,153 shares of the information services provider’s stock worth $244,368,000 after acquiring an additional 331,283 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Down 2.6%

Wix.com stock opened at $97.44 on Friday. The business’s 50-day simple moving average is $109.63 and its 200 day simple moving average is $134.98. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 3.16 and a beta of 1.42. Wix.com Ltd. has a 12-month low of $92.23 and a 12-month high of $247.11.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Wix.com in a research report on Thursday, November 20th. Piper Sandler raised their target price on Wix.com from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wix.com in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of Wix.com from $200.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Finally, Citigroup lowered their price objective on shares of Wix.com from $197.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.95.

About Wix.com

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.