Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 47.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,814 shares of the information services provider’s stock after selling 5,275 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Wix.com were worth $1,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WIX. SG Americas Securities LLC lifted its holdings in shares of Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after purchasing an additional 400,265 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Wix.com by 545.7% during the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after purchasing an additional 201,532 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after purchasing an additional 165,810 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Wix.com by 90.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider’s stock worth $39,859,000 after purchasing an additional 87,327 shares during the period. Finally, Polar Asset Management Partners Inc. lifted its holdings in shares of Wix.com by 192.9% during the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock worth $16,466,000 after purchasing an additional 64,869 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of WIX opened at $199.16 on Thursday. Wix.com Ltd. has a one year low of $117.58 and a one year high of $247.11. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 84.75, a PEG ratio of 2.83 and a beta of 1.58. The stock has a 50 day moving average price of $225.52 and a 200 day moving average price of $194.36.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WIX. StockNews.com upgraded Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price target on shares of Wix.com in a research report on Thursday, February 20th. UBS Group lifted their price target on Wix.com from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company began coverage on Wix.com in a research report on Monday, February 3rd. They set an “underweight” rating and a $208.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.83.

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.