Stock Traders Purchase High Volume of Wix.com Call Options (NASDAQ:WIX)

Wix.com Ltd. (NASDAQ:WIX) was the recipient of some unusual options trading on Wednesday. Traders bought 4,497 call options on the company. This represents an increase of 234% compared to the average daily volume of 1,348 call options.

Hedge Funds Weigh In On Wix.com

Several institutional investors have recently made changes to their positions in the company. Dorsal Capital Management LP boosted its position in Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after purchasing an additional 250,000 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Wix.com by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after buying an additional 33,338 shares in the last quarter. Senvest Management LLC grew its position in shares of 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 buying an additional 50,482 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Wix.com by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after acquiring an additional 171,500 shares in the last quarter. Finally, Whale Rock Capital Management LLC lifted 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 valued at $115,475,000 after acquiring an additional 165,810 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald increased their price target on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their price objective on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com presently has an average rating of “Moderate Buy” and an average price target of $210.44.

Wix.com Stock Performance

Wix.com stock opened at $218.82 on Friday. Wix.com has a fifty-two week low of $95.65 and a fifty-two week high of $220.22. The company has a market capitalization of $12.00 billion, a PE ratio of 136.76, a P/E/G ratio of 3.91 and a beta of 1.47. The company has a 50 day moving average price of $168.22 and a 200-day moving average price of $161.75.

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.