Harbor Capital Advisors Inc. boosted its holdings in Wix.com Ltd. (NASDAQ:WIX – Free Report) by 159.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,596 shares of the information services provider’s stock after purchasing an additional 13,894 shares during the period. Harbor Capital Advisors Inc.’s holdings in Wix.com were worth $4,848,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Wix.com by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock worth $502,000 after purchasing an additional 63 shares during the last quarter. Fulton Bank N.A. purchased a new stake in Wix.com during the 4th quarter valued at $211,000. CWA Asset Management Group LLC bought a new stake in Wix.com in the 4th quarter worth $1,042,000. GAMMA Investing LLC increased its position in shares of Wix.com by 962.7% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 491 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Wix.com by 8.9% during the third quarter. Franklin Resources Inc. now owns 47,143 shares of the information services provider’s stock valued at $7,673,000 after acquiring an additional 3,864 shares during the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. B. Riley raised their target price on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada boosted their target price on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Citigroup raised their price target on Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Bank of America upped their price objective on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Cantor Fitzgerald lifted their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.59.
Wix.com Trading Down 2.6 %
NASDAQ WIX opened at $218.62 on Friday. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $229.79. The stock’s fifty day moving average price is $209.67 and its 200-day moving average price is $178.43. The stock has a market cap of $11.99 billion, a P/E ratio of 136.64, a P/E/G ratio of 4.22 and a beta of 1.56.
Wix.com 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.
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