Bank of Montreal Can Sells 485 Shares of Wix.com Ltd. (NASDAQ:WIX)

Bank of Montreal Can reduced its position in Wix.com Ltd. (NASDAQ:WIX) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,092 shares of the information services provider’s stock after selling 485 shares during the quarter. Bank of Montreal Can’s holdings in Wix.com were worth $3,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Dorsal Capital Management LP lifted its position in Wix.com by 23.8% in the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after buying an additional 250,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in Wix.com by 27.9% in the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock valued at $124,973,000 after purchasing an additional 171,500 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Wix.com in the 2nd quarter valued at about $13,646,000. Senvest Management LLC boosted its holdings in Wix.com by 4.7% in 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 purchasing an additional 50,482 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Wix.com by 23.1% in the 3rd 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. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WIX has been the topic of several analyst reports. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Royal Bank of Canada upped their price target on shares of Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Barclays boosted their price objective on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Bank of America boosted their price objective on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, B. Riley increased their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.71.

Wix.com Price Performance

Shares of WIX stock opened at $219.72 on Wednesday. The company has a market capitalization of $12.05 billion, a P/E ratio of 137.33, a P/E/G ratio of 4.24 and a beta of 1.55. Wix.com Ltd. has a one year low of $101.72 and a one year high of $225.80. The company’s 50-day simple moving average is $179.16 and its two-hundred day simple moving average is $167.86.

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.