Wix.com Ltd. (NASDAQ:WIX) Stake Lessened by ARK Investment Management LLC

ARK Investment Management LLC decreased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 18.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,263 shares of the information services provider’s stock after selling 2,256 shares during the period. ARK Investment Management LLC’s holdings in Wix.com were worth $2,202,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after purchasing an additional 400,265 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Wix.com by 545.7% in the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock valued at $39,864,000 after buying an additional 201,532 shares during the period. Whale Rock Capital Management LLC grew its position in Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after buying an additional 165,810 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Wix.com by 90.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider’s stock valued at $39,859,000 after acquiring an additional 87,327 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Wix.com by 192.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock valued at $16,466,000 after acquiring an additional 64,869 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Down 0.0 %

Shares of WIX stock opened at $199.16 on Thursday. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11. The company’s fifty day simple moving average is $225.52 and its 200-day simple moving average is $194.36. The firm has a market cap of $10.92 billion, a PE ratio of 84.75, a P/E/G ratio of 2.83 and a beta of 1.58.

Analyst Ratings Changes

Several brokerages have recently weighed in on WIX. Piper Sandler lifted their price objective on Wix.com from $249.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. B. Riley boosted their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price objective on shares of Wix.com in a report on Wednesday, February 19th. Bank of America boosted their price target on Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $240.00 price objective on shares of Wix.com in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.83.

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.