Wix.com (NASDAQ:WIX) Raised to Buy at StockNews.com

Wix.com (NASDAQ:WIX) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also recently issued research reports about the company. Bank of America upped their price target on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Benchmark boosted their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their price objective on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $210.44.

Wix.com Stock Down 0.9 %

WIX opened at $217.20 on Friday. Wix.com has a twelve month low of $95.65 and a twelve month high of $220.22. The company’s 50-day moving average price is $170.73 and its two-hundred day moving average price is $163.10. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 135.75, a PEG ratio of 4.21 and a beta of 1.47.

Hedge Funds Weigh In On Wix.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Wix.com by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after purchasing an additional 14,340 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Wix.com during the 3rd quarter valued at about $10,523,000. Nomura Asset Management Co. Ltd. raised its holdings in Wix.com by 1.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 14,680 shares of the information services provider’s stock worth $2,454,000 after buying an additional 170 shares during the last quarter. XTX Topco Ltd lifted its position in Wix.com by 348.6% in the 3rd quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider’s stock valued at $1,488,000 after acquiring an additional 6,919 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in shares of Wix.com by 9.3% during the third quarter. iA Global Asset Management Inc. now owns 20,271 shares of the information services provider’s stock valued at $3,389,000 after buying an additional 1,725 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

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.