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:WIX) 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.

About Wix.com

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.