Landscape Capital Management L.L.C. Purchases New Holdings in Wix.com Ltd. (NASDAQ:WIX)

Landscape Capital Management L.L.C. purchased a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,522 shares of the information services provider’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WIX. Price T Rowe Associates Inc. MD increased its position in shares of Wix.com by 19.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,401 shares of the information services provider’s stock valued at $1,431,000 after acquiring an additional 1,696 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Wix.com during the first quarter valued at approximately $779,000. Industrial Alliance Investment Management Inc. grew its holdings in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares during the period. California State Teachers Retirement System grew its holdings in Wix.com by 9.8% during the first quarter. California State Teachers Retirement System now owns 56,143 shares of the information services provider’s stock valued at $7,719,000 after purchasing an additional 5,033 shares during the period. Finally, Tidal Investments LLC bought a new position in Wix.com during the first quarter valued at $5,197,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

NASDAQ:WIX opened at $223.41 on Tuesday. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 135.75, a P/E/G ratio of 4.24 and a beta of 1.47. Wix.com Ltd. has a 52-week low of $95.65 and a 52-week high of $223.95. The stock has a fifty day moving average of $170.73 and a 200 day moving average of $163.40.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler increased their price objective on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. B. Riley increased their price objective on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Benchmark increased their price objective on Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Wix.com in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.71.

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.