Mount Yale Investment Advisors LLC purchased a new stake in Wix.com Ltd. (NASDAQ:WIX – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,501 shares of the information services provider’s stock, valued at approximately $716,000.
A number of other institutional investors have also modified their holdings of the business. Northwest Bank & Trust Co bought a new position in shares of Wix.com during the fourth quarter worth about $26,000. Fidelis Capital Partners LLC acquired a new position in shares of Wix.com during the first quarter valued at $37,000. Industrial Alliance Investment Management Inc. raised its stake in shares of Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares in the last quarter. Optimist Retirement Group LLC bought a new position in Wix.com in the 4th quarter valued at about $201,000. Finally, First Trust Direct Indexing L.P. acquired a new position in Wix.com during the 1st quarter valued at about $214,000. Institutional investors own 81.52% of the company’s stock.
Wix.com Price Performance
Shares of NASDAQ:WIX opened at $163.87 on Tuesday. The company has a 50 day moving average of $160.45 and a 200-day moving average of $150.52. Wix.com Ltd. has a one year low of $76.90 and a one year high of $178.65. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 143.75, a P/E/G ratio of 3.47 and a beta of 1.47.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on WIX shares. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Barclays lifted their target price on shares of Wix.com from $184.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Monday. Piper Sandler upgraded Wix.com from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $184.00 to $200.00 in a report on Monday. Finally, Benchmark upped their target price on Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.19.
View Our Latest Stock Report on WIX
About Wix.com
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.
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