Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its position in Wix.com Ltd. (NASDAQ:WIX) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,424 shares of the information services provider’s stock after purchasing an additional 96 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Wix.com were worth $1,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Wix.com during the 4th quarter worth approximately $43,000. Avior Wealth Management LLC boosted its position in shares of Wix.com by 79.5% during the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after purchasing an additional 89 shares during the period. Global Retirement Partners LLC boosted its position in shares of Wix.com by 36.0% during 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 period. SBI Securities Co. Ltd. purchased a new position in shares of Wix.com during the 4th quarter worth approximately $52,000. Finally, Blue Trust Inc. increased its stake in Wix.com by 28.3% during the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock worth $54,000 after buying an additional 56 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WIX shares. Jefferies Financial Group cut their target price on shares of Wix.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Benchmark increased their price objective on shares of Wix.com from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Bank of America increased their price objective on shares of Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Oppenheimer dropped their price objective on shares of Wix.com from $250.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays increased their price objective on shares of Wix.com from $236.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.74.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $182.75 on Friday. The stock has a market cap of $10.25 billion, a P/E ratio of 77.77, a P/E/G ratio of 2.83 and a beta of 1.56. The firm has a fifty day moving average price of $166.28 and a 200 day moving average price of $196.74. Wix.com Ltd. has a 1-year low of $137.94 and a 1-year high of $247.11.

Wix.com announced that its Board of Directors has authorized a share buyback program on Thursday, February 27th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.