Plato Investment Management Ltd Invests $782,000 in Wix.com Ltd. (NASDAQ:WIX)

Plato Investment Management Ltd acquired a new position in shares of Wix.com Ltd. (NASDAQ:WIX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,684 shares of the information services provider’s stock, valued at approximately $782,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Wix.com by 36.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock valued at $4,318,000 after purchasing an additional 8,422 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in Wix.com by 176.5% during the 1st quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock valued at $2,246,000 after purchasing an additional 10,427 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Wix.com by 23.1% during 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 purchasing an additional 49,500 shares during the last quarter. Toth Financial Advisory Corp bought a new position in Wix.com during the 3rd quarter valued at about $661,000. Finally, Quadrature Capital Ltd lifted its holdings in Wix.com by 65.1% during the 1st quarter. Quadrature Capital Ltd now owns 22,515 shares of the information services provider’s stock valued at $3,095,000 after purchasing an additional 8,879 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. KeyCorp assumed coverage on shares of Wix.com in a research report on Thursday, July 25th. They issued a “sector weight” rating for the company. UBS Group raised their price objective on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Benchmark raised their price objective on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of Wix.com in a research report on Monday, October 7th. Three research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Stock Down 0.2 %

Shares of WIX stock opened at $184.01 on Friday. The company’s fifty day simple moving average is $165.02 and its 200-day simple moving average is $159.37. The firm has a market cap of $10.09 billion, a PE ratio of 146.04, a P/E/G ratio of 3.92 and a beta of 1.47. Wix.com Ltd. has a 12 month low of $92.25 and a 12 month high of $192.00.

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.