Wix.com Sees Unusually Large Options Volume (NASDAQ:WIX)

Wix.com Ltd. (NASDAQ:WIX) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 4,497 call options on the stock. This is an increase of approximately 234% compared to the typical daily volume of 1,348 call options.

Wix.com Trading Up 14.3 %

Wix.com stock opened at $210.27 on Thursday. Wix.com has a 1-year low of $95.65 and a 1-year high of $213.86. The firm has a 50-day moving average of $167.07 and a 200-day moving average of $161.41. The firm has a market cap of $11.53 billion, a P/E ratio of 166.88, a P/E/G ratio of 3.84 and a beta of 1.47.

Institutional Investors Weigh In On Wix.com

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake 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 valued at $31,000 after buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Wix.com by 112.1% during 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 during the last quarter. 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 worth $106,000 after buying an additional 101 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its stake in shares of 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 worth $94,000 after acquiring an additional 488 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares during the period. Institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays increased their price target on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of Wix.com in a report on Monday, October 7th. JMP Securities reiterated a “market outperform” rating and set a $180.00 target price on shares of Wix.com in a report on Thursday, July 25th. Benchmark boosted their price target on Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Wix.com in a research report on Wednesday. Four research 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.38.

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.