CIBC Asset Management Inc Raises Stock Position in Wix.com Ltd. (NASDAQ:WIX)

CIBC Asset Management Inc lifted its stake in Wix.com Ltd. (NASDAQ:WIX) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,973 shares of the information services provider’s stock after buying an additional 170 shares during the period. CIBC Asset Management Inc’s holdings in Wix.com were worth $831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 98 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in Wix.com by 246.5% in 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 during the period. CWM LLC raised its holdings in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after buying an additional 101 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after buying an additional 124 shares during the period. Finally, Metis Global Partners LLC purchased a new position in shares of Wix.com during the third quarter worth about $200,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on WIX shares. JPMorgan Chase & Co. upped their price objective on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America lifted their price objective on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp initiated coverage on shares of Wix.com in a research note on Thursday, July 25th. They set a “sector weight” rating on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $197.38.

Wix.com Price Performance

Shares of NASDAQ WIX opened at $210.27 on Thursday. The firm’s 50-day moving average is $167.07 and its two-hundred day moving average is $161.41. Wix.com Ltd. has a 12-month low of $95.65 and a 12-month high of $213.86. The company has a market capitalization of $11.53 billion, a PE ratio of 166.88, a price-to-earnings-growth ratio of 3.84 and a beta of 1.47.

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.