Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,975 shares of the information services provider’s stock after acquiring an additional 280 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Wix.com were worth $832,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WIX. Blue Trust Inc. raised its position in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the period. CWM LLC grew its stake in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares during the last quarter. Toronto Dominion Bank increased its position in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after buying an additional 124 shares during the period. Advisors Asset Management Inc. lifted its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after acquiring an additional 136 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Up 2.2 %

WIX opened at $223.74 on Friday. The business has a fifty day simple moving average of $176.92 and a 200-day simple moving average of $166.24. The firm has a market cap of $12.27 billion, a PE ratio of 139.84, a P/E/G ratio of 4.21 and a beta of 1.47. Wix.com Ltd. has a fifty-two week low of $100.13 and a fifty-two week high of $224.33.

Analysts Set New Price Targets

A number of research firms recently weighed in on WIX. Barclays increased their price objective on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Piper Sandler raised their price target on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Bank of America lifted their price objective on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average 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.