Natixis Advisors LLC Boosts Position in Wix.com Ltd. (NASDAQ:WIX)

Natixis Advisors LLC raised its position in Wix.com Ltd. (NASDAQ:WIX) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,414 shares of the information services provider’s stock after acquiring an additional 306 shares during the quarter. Natixis Advisors LLC’s holdings in Wix.com were worth $2,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WIX. Blue Trust Inc. grew its position in Wix.com by 98.0% during the third 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 during the period. CWM LLC increased its holdings in 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 in the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in shares of Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after buying an additional 488 shares in the last quarter. Toronto Dominion Bank boosted its stake 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 worth $124,000 after acquiring an additional 124 shares during the period. Finally, Metis Global Partners LLC bought a new position in Wix.com in the 3rd quarter worth approximately $200,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

Wix.com stock opened at $217.20 on Monday. The company has a market capitalization of $11.91 billion, a PE ratio of 135.75, a P/E/G ratio of 4.21 and a beta of 1.47. The company has a 50 day moving average price of $170.73 and a 200-day moving average price of $163.10. Wix.com Ltd. has a fifty-two week low of $95.65 and a fifty-two week high of $220.22.

Wall Street Analyst Weigh In

Several research firms have recently commented on WIX. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Wix.com in a report on Wednesday, November 20th. Cantor Fitzgerald boosted their price target on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America lifted their target price on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Barclays raised their price target on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.44.

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.