GSA Capital Partners LLP Trims Holdings in Wix.com Ltd. (NASDAQ:WIX)

GSA Capital Partners LLP lessened its stake in Wix.com Ltd. (NASDAQ:WIX) by 77.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,852 shares of the information services provider’s stock after selling 6,504 shares during the quarter. GSA Capital Partners LLP’s holdings in Wix.com were worth $310,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dorsal Capital Management LP lifted its position in shares of Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after buying an additional 250,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock valued at $124,973,000 after purchasing an additional 171,500 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Wix.com during the 2nd quarter worth approximately $13,646,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Wix.com by 23.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after purchasing an additional 49,500 shares during the last quarter. Finally, Lakehouse Capital Pty Ltd boosted its position in Wix.com by 2,933.3% during the 2nd quarter. Lakehouse Capital Pty Ltd now owns 48,108 shares of the information services provider’s stock valued at $7,653,000 after purchasing an additional 46,522 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

WIX stock opened at $217.20 on Friday. The company has a market capitalization of $11.91 billion, a P/E ratio of 136.76, a price-to-earnings-growth ratio of 3.91 and a beta of 1.47. Wix.com Ltd. has a 52-week low of $95.65 and a 52-week high of $220.22. The business has a 50-day simple moving average of $169.52 and a two-hundred day simple moving average of $162.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark boosted their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com lowered shares of Wix.com from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of Wix.com in a research report on Wednesday. Finally, Piper Sandler raised their target price on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.44.

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.