Wix.com (NASDAQ:WIX) Price Target Raised to $260.00

Wix.com (NASDAQ:WIX) had its target price increased by Jefferies Financial Group from $225.00 to $260.00 in a report released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the information services provider’s stock.

Several other research analysts have also weighed in on WIX. Benchmark lifted their price objective on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Robert W. Baird boosted their price target on shares of Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Barclays boosted their target price on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Four equities research 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 company. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and an average price target of $220.59.

Wix.com Stock Up 1.9 %

WIX stock opened at $226.95 on Monday. Wix.com has a twelve month low of $117.58 and a twelve month high of $229.79. The company has a market cap of $12.44 billion, a P/E ratio of 141.84, a price-to-earnings-growth ratio of 4.22 and a beta of 1.56. The business’s fifty day moving average is $205.28 and its 200-day moving average is $176.91.

Institutional Trading of Wix.com

Several hedge funds and other institutional investors have recently modified their holdings of WIX. Dorsal Capital Management LP boosted its holdings in Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after purchasing an additional 250,000 shares during the period. Clearbridge Investments LLC raised its holdings in Wix.com by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after acquiring an additional 33,338 shares in the last quarter. Senvest Management LLC lifted its position in shares of Wix.com by 4.7% during the 3rd quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after acquiring an additional 50,482 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Wix.com by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after purchasing an additional 171,500 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its position in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after purchasing an additional 165,810 shares during the period. Institutional investors 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.