Wix.com (NASDAQ:WIX) Given New $250.00 Price Target at Benchmark

Wix.com (NASDAQ:WIX) had its target price raised by Benchmark from $225.00 to $250.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald upped their price target on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. KeyCorp assumed coverage on shares of Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating on the stock. Barclays lifted their price target on 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 upped their price objective on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their target price on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.44.

Wix.com Stock Down 0.9 %

WIX stock opened at $217.20 on Thursday. The stock’s 50 day moving average is $170.73 and its two-hundred day moving average is $163.10. Wix.com has a 52-week low of $95.65 and a 52-week high of $220.22. 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.

Institutional Investors Weigh In On Wix.com

Several large investors have recently made changes to their positions in WIX. Blue Trust Inc. boosted its position in shares of Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares during the period. CWM LLC raised its stake in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares in the last quarter. Toronto Dominion Bank boosted its position in 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 acquiring an additional 124 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after purchasing an additional 130 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Wix.com by 2.9% in the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

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.