Wix.com Ltd. (NASDAQ:WIX) Shares Bought by US Bancorp DE

US Bancorp DE raised its stake in Wix.com Ltd. (NASDAQ:WIX) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,057 shares of the information services provider’s stock after acquiring an additional 209 shares during the period. US Bancorp DE’s holdings in Wix.com were worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WIX. Advisors Asset Management Inc. boosted its stake in Wix.com by 112.1% in the third 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 in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after buying an additional 89 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Wix.com in the fourth quarter valued at about $43,000. Global Retirement Partners LLC raised its holdings in shares of 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 buying an additional 58 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Wix.com by 28.3% in the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock valued at $54,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Down 5.3 %

NASDAQ:WIX opened at $187.00 on Friday. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 79.57, a PEG ratio of 2.83 and a beta of 1.58. The firm’s fifty day simple moving average is $221.78 and its 200 day simple moving average is $195.55. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11.

Wix.com declared that its Board of Directors has approved a share repurchase program on Thursday, February 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information services provider to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

WIX has been the subject of a number of research reports. UBS Group upped their target price on shares of Wix.com from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. Piper Sandler upped their target price on shares of Wix.com from $249.00 to $262.00 and gave the company an “overweight” rating in a report on Friday, February 21st. StockNews.com cut shares of Wix.com from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Scotiabank began coverage on shares of Wix.com in a report on Wednesday. They set a “sector outperform” rating and a $250.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $246.05.

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.