Sumitomo Mitsui Trust Group Inc. Purchases 1,161 Shares of Wix.com Ltd. (NASDAQ:WIX)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,067 shares of the information services provider’s stock after acquiring an additional 1,161 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Wix.com worth $16,728,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Wix.com by 36.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock valued at $4,318,000 after acquiring an additional 8,422 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of Wix.com by 176.5% during the first quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock valued at $2,246,000 after purchasing an additional 10,427 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings 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 valued at $44,055,000 after purchasing an additional 49,500 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Wix.com during the third quarter valued at approximately $661,000. Finally, Quadrature Capital Ltd lifted its holdings in shares of Wix.com by 65.1% during the first quarter. Quadrature Capital Ltd now owns 22,515 shares of the information services provider’s stock valued at $3,095,000 after purchasing an additional 8,879 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Benchmark lifted their target price on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Piper Sandler upgraded shares of Wix.com from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $184.00 to $200.00 in a report on Monday, September 23rd. JMP Securities restated a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $190.00 price objective on shares of Wix.com in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Price Performance

Shares of WIX stock opened at $180.01 on Monday. Wix.com Ltd. has a 1 year low of $92.25 and a 1 year high of $192.00. The firm has a fifty day moving average price of $165.98 and a 200-day moving average price of $160.24. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 142.87, a PEG ratio of 3.83 and a beta of 1.47.

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.