Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in Wix.com Ltd. (NASDAQ:WIX) by 23.0% in the first quarter, Holdings Channel reports. The firm owned 18,174 shares of the information services provider’s stock after acquiring an additional 3,396 shares during the period. Allianz Asset Management GmbH’s holdings in Wix.com were worth $2,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its position in shares of Wix.com by 183.3% in the 1st quarter. TD Private Client Wealth LLC now owns 476 shares of the information services provider’s stock valued at $78,000 after purchasing an additional 308 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in Wix.com during the 4th quarter worth approximately $114,000. Versant Capital Management Inc lifted its position in Wix.com by 676.1% during the 1st quarter. Versant Capital Management Inc now owns 714 shares of the information services provider’s stock worth $117,000 after acquiring an additional 622 shares during the period. Tower Research Capital LLC TRC lifted its position in Wix.com by 44.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider’s stock worth $135,000 after acquiring an additional 193 shares during the period. Finally, Bessemer Group Inc. lifted its position in Wix.com by 9.7% during the 4th quarter. Bessemer Group Inc. now owns 871 shares of the information services provider’s stock worth $188,000 after acquiring an additional 77 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

Shares of WIX stock opened at $148.45 on Wednesday. The stock has a fifty day moving average price of $155.23 and a 200 day moving average price of $178.05. The stock has a market cap of $8.33 billion, a PE ratio of 59.14, a P/E/G ratio of 2.40 and a beta of 1.31. Wix.com Ltd. has a 1 year low of $137.94 and a 1 year high of $247.11.

Analyst Upgrades and Downgrades

WIX has been the subject of a number of recent research reports. Barclays reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Wix.com in a research report on Wednesday, July 16th. Jefferies Financial Group decreased their price objective on Wix.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Cfra Research cut Wix.com from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Wix.com in a research report on Wednesday, June 18th. Finally, B. Riley reaffirmed a “buy” rating and set a $230.00 price objective (down from $240.00) on shares of Wix.com in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $228.95.

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.