1,055 Shares in Wix.com Ltd. (NASDAQ:WIX) Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new position in Wix.com Ltd. (NASDAQ:WIXFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,055 shares of the information services provider’s stock, valued at approximately $226,000.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Wix.com by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock valued at $5,081,000 after acquiring an additional 11,497 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Wix.com in the 4th quarter valued at $256,000. Oppenheimer & Co. Inc. purchased a new position in Wix.com in the 3rd quarter valued at $461,000. Loomis Sayles & Co. L P grew its holdings in shares of Wix.com by 23.9% during the third quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider’s stock worth $31,552,000 after buying an additional 36,459 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of Wix.com by 348.6% in the third quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider’s stock valued at $1,488,000 after buying an additional 6,919 shares during the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Trading Down 0.1 %

WIX stock opened at $172.59 on Monday. The business’s fifty day moving average price is $216.76 and its 200 day moving average price is $196.28. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11. The company has a market capitalization of $9.46 billion, a PE ratio of 73.44, a P/E/G ratio of 2.83 and a beta of 1.64.

Wix.com announced that its Board of Directors has initiated a stock buyback program on Thursday, February 27th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the information services provider to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

WIX has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. UBS Group set a $250.00 price target on Wix.com in a report on Wednesday, March 5th. Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their target price on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Wix.com from $205.00 to $189.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.74.

View Our Latest Report on WIX

About Wix.com

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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