Allspring Global Investments Holdings LLC Has $39.86 Million Stake in Wix.com Ltd. (NASDAQ:WIX)

Allspring Global Investments Holdings LLC grew its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 90.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,099 shares of the information services provider’s stock after purchasing an additional 87,327 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Wix.com were worth $39,859,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in 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 worth $31,000 after buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. increased its position 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 during the period. Avior Wealth Management LLC raised its stake in Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 89 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Wix.com during the fourth quarter worth about $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after buying an additional 139 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Down 1.1 %

Shares of NASDAQ:WIX opened at $223.70 on Friday. The firm has a market cap of $12.26 billion, a P/E ratio of 139.81, a P/E/G ratio of 2.48 and a beta of 1.58. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11. The business has a fifty day simple moving average of $226.55 and a 200 day simple moving average of $191.13.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WIX. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Wednesday, November 20th. Cantor Fitzgerald boosted their target price on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised their price target on shares of Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $232.61.

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.