2 weeks Ago By ABMN Staff
Wells Fargo & Company MN reduced its stake in shares of Wix.com Ltd. ( NASDAQ:WIX – Free Report ) by 6.
7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,387 shares of the information services provider’s stock after selling 2,704 shares during the period. Wells Fargo & Company MN’s holdings in Wix.
com were worth $8,021,000 at the end of the most recent reporting period. Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc.
purchased a new position in Wix.com in the 4th quarter worth approximately $43,000. Avior Wealth Management LLC grew its position in Wix.
com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after acquiring an additional 89 shares in the last quarter.
Global Retirement Partners LLC increased its stake in Wix.com by 36.0% in the fourth quarter.
Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 58 shares during the last quarter. SBI Securities Co. Ltd.
purchased a new stake in Wix.com during the fourth quarter valued at about $52,000. Finally, Blue Trust Inc.
lifted its stake in Wix.com by 28.3% during the fourth quarter.
Blue Trust Inc. now owns 254 shares of the information services provider’s stock worth $54,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 81.
52% of the company’s stock. Wall Street Analysts Forecast Growth Several research analysts have commented on the stock. Scotiabank initiated coverage on shares of Wix.
com in a research note on Wednesday, March 5th. They set a “sector outperform” rating and a $250.00 price target on the stock.
Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $225.00 to $300.
00 in a research note on Tuesday, January 21st. Jefferies Financial Group cut their price target on shares of Wix.com from $265.
00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co.
lowered their target price on Wix.com from $205.00 to $189.
00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Barclays raised their price target on Wix.com from $236.
00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock.
Based on data from MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and an average price target of $238.89.
Wix.com Stock Down 0.8 % Shares of WIX opened at $159.
76 on Friday. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 67.
98, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.
Wix.com Ltd. has a 52-week low of $117.
58 and a 52-week high of $247.11. The stock has a 50 day moving average price of $180.
79 and a 200 day moving average price of $195.93. Wix.
com declared that its Board of Directors has initiated a share repurchase program on Thursday, February 27th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the information services provider to purchase up to 1.
8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued. Wix.
com Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.
com Ltd. ( NASDAQ:WIX – Free Report ). Receive News & Ratings for Wix.
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