Sei Investments Co. Has $46.18 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Sei Investments Co. grew its position in Wix.com Ltd. (NASDAQ:WIX) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,259 shares of the information services provider’s stock after purchasing an additional 1,886 shares during the quarter. Sei Investments Co.’s holdings in Wix.com were worth $46,184,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Wix.com in the fourth quarter valued at approximately $43,000. Avior Wealth Management LLC boosted its holdings in 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 purchasing an additional 89 shares during the period. Global Retirement Partners LLC grew its position in Wix.com by 36.0% in the 4th quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after purchasing an additional 58 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Wix.com during the 4th quarter worth about $52,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Up 0.2 %

Shares of NASDAQ:WIX opened at $172.75 on Tuesday. The firm has a market cap of $9.47 billion, a P/E ratio of 73.51, a P/E/G ratio of 2.83 and a beta of 1.64. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11. The company’s 50-day moving average price is $210.56 and its two-hundred day moving average price is $196.69.

Wix.com announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the information services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

WIX has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Wix.com from $205.00 to $189.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Robert W. Baird upped their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. 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 note on Thursday, February 20th. Morgan Stanley upgraded shares of Wix.com from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $248.00 to $276.00 in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.74.

Wix.com Company 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.