Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Commerce Bank

Commerce Bank lowered its stake in Wix.com Ltd. (NASDAQ:WIX) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,656 shares of the information services provider’s stock after selling 59 shares during the period. Commerce Bank’s holdings in Wix.com were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in WIX. Price T Rowe Associates Inc. MD raised its holdings in Wix.com by 19.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,401 shares of the information services provider’s stock valued at $1,431,000 after acquiring an additional 1,696 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Wix.com during the 1st quarter worth $779,000. California State Teachers Retirement System grew its stake in shares of Wix.com by 9.8% during the first quarter. California State Teachers Retirement System now owns 56,143 shares of the information services provider’s stock worth $7,719,000 after purchasing an additional 5,033 shares in the last quarter. Tidal Investments LLC purchased a new position in Wix.com in the first quarter valued at $5,197,000. Finally, iA Global Asset Management Inc. lifted its holdings in Wix.com by 176.5% during the 1st quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock worth $2,246,000 after buying an additional 10,427 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of WIX opened at $222.44 on Wednesday. The stock has a market capitalization of $12.19 billion, a P/E ratio of 139.81, a P/E/G ratio of 4.24 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $95.65 and a 1 year high of $224.33. The company’s fifty day moving average is $172.07 and its two-hundred day moving average is $164.11.

Analyst Ratings Changes

WIX has been the topic of several research analyst reports. Cantor Fitzgerald raised their target price on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Wix.com in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Piper Sandler raised their price objective on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $210.71.

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.