Assenagon Asset Management S.A. Increases Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Assenagon Asset Management S.A. increased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 94.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,326 shares of the information services provider’s stock after buying an additional 12,807 shares during the period. Assenagon Asset Management S.A.’s holdings in Wix.com were worth $5,648,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in WIX. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Wix.com by 23.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after purchasing an additional 49,500 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Wix.com during the third quarter valued at $661,000. Dimensional Fund Advisors LP lifted its holdings in Wix.com by 448.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock valued at $1,375,000 after purchasing an additional 7,070 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Wix.com by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock valued at $5,081,000 after buying an additional 11,497 shares during the last quarter. Finally, Lakehouse Capital Pty Ltd raised its position in shares of Wix.com by 26.2% in the third quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider’s stock valued at $10,148,000 after buying an additional 12,600 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

NASDAQ WIX opened at $240.89 on Tuesday. Wix.com Ltd. has a one year low of $117.58 and a one year high of $246.82. The company’s 50 day moving average price is $217.71 and its 200 day moving average price is $182.11. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 150.56, a PEG ratio of 2.53 and a beta of 1.56.

Analysts Set New Price Targets

A number of brokerages have recently commented on WIX. Morgan Stanley upgraded shares of Wix.com from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $248.00 to $276.00 in a research report on Monday, January 13th. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Benchmark raised their price objective on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Bank of America raised their price objective on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.82.

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.