Wix.com (NASDAQ:WIX) Upgraded at StockNews.com

StockNews.com upgraded shares of Wix.com (NASDAQ:WIX) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other research analysts also recently issued reports on WIX. Barclays lifted their price target on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a research report on Wednesday, November 20th. Cantor Fitzgerald raised their target price on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI raised Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Bank of America lifted their target price on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Price Performance

Shares of WIX stock opened at $223.41 on Friday. Wix.com has a 1-year low of $95.65 and a 1-year high of $223.95. The firm has a market capitalization of $12.25 billion, a PE ratio of 135.75, a P/E/G ratio of 4.24 and a beta of 1.47. The business’s fifty day moving average price is $170.73 and its 200 day moving average price is $163.40.

Hedge Funds Weigh In On Wix.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC grew its position in Wix.com by 3.4% in the 3rd quarter. Tidal Investments LLC now owns 34,646 shares of the information services provider’s stock valued at $5,792,000 after buying an additional 1,127 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Wix.com by 3.2% in the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after buying an additional 14,340 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Wix.com during the third quarter worth $10,523,000. Nomura Asset Management Co. Ltd. lifted its stake in Wix.com by 1.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 14,680 shares of the information services provider’s stock valued at $2,454,000 after buying an additional 170 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in Wix.com by 348.6% in the 3rd quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider’s stock worth $1,488,000 after purchasing an additional 6,919 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

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.