4,857 Shares in Wix.com Ltd. (NASDAQ:WIX) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in Wix.com Ltd. (NASDAQ:WIX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,857 shares of the information services provider’s stock, valued at approximately $1,042,000.

Several other large investors have also modified their holdings of the business. Blue Trust Inc. increased its position in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Wix.com by 962.7% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock worth $116,000 after acquiring an additional 491 shares during the last quarter. CWM LLC lifted its holdings in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after acquiring an additional 101 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Down 2.7 %

Shares of NASDAQ:WIX opened at $220.71 on Wednesday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $229.79. The company has a market capitalization of $12.10 billion, a PE ratio of 137.94, a P/E/G ratio of 4.22 and a beta of 1.56. The firm has a 50 day simple moving average of $205.28 and a 200-day simple moving average of $176.91.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WIX shares. Piper Sandler upped their price target on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their target price on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Barclays boosted their price target on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America raised their price objective on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, B. Riley increased their target price on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.59.

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.