Handelsbanken Fonder AB Boosts Stake in Wix.com Ltd. (NASDAQ:WIX)

Handelsbanken Fonder AB lifted its holdings in Wix.com Ltd. (NASDAQ:WIX) by 2.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,594 shares of the information services provider’s stock after acquiring an additional 195 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wix.com were worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Senvest Management LLC increased 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 worth $186,910,000 after acquiring an additional 50,482 shares during the last quarter. Whale Rock Capital Management LLC raised its position in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after purchasing an additional 165,810 shares during the period. SG Americas Securities LLC lifted its stake in shares of Wix.com by 558.5% during the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after buying an additional 400,265 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Wix.com by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after buying an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew 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 buying an additional 49,500 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Trading Down 1.5 %

Shares of Wix.com stock opened at $199.21 on Wednesday. The firm has a market capitalization of $10.92 billion, a PE ratio of 84.77, a price-to-earnings-growth ratio of 2.83 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’s 50-day moving average price is $225.92 and its 200-day moving average price is $194.10.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Robert W. Baird increased their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Barclays increased their price objective on Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. B. Riley lifted their target price on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Citigroup increased their price target on shares of Wix.com from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, JMP Securities restated a “market outperform” rating and issued a $240.00 price objective on shares of Wix.com in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.83.

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.