Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Entropy Technologies LP

Entropy Technologies LP raised its position in Wix.com Ltd. (NASDAQ:WIX) by 19.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,959 shares of the information services provider’s stock after buying an additional 800 shares during the quarter. Entropy Technologies LP’s holdings in Wix.com were worth $829,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after buying an additional 488 shares in the last quarter. CWM LLC boosted its position in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after buying an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Wix.com in the 2nd quarter worth about $259,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. KeyCorp began coverage on shares of Wix.com in a research report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Barclays reduced their target price on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Finally, Benchmark upped 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. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Stock Performance

WIX opened at $184.01 on Friday. The firm has a 50 day moving average price of $165.02 and a 200 day moving average price of $159.37. The company has a market cap of $10.09 billion, a PE ratio of 146.04, a price-to-earnings-growth ratio of 4.02 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $92.25 and a 1 year high of $192.00.

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.