Wix.com Ltd. (NASDAQ:WIX) Given Consensus Rating of “Moderate Buy” by Analysts

Wix.com Ltd. (NASDAQ:WIX) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $210.71.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. B. Riley lifted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald upped 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 upgraded shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price target on shares of Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st.

Wix.com Stock Performance

WIX opened at $219.61 on Friday. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 137.26, a price-to-earnings-growth ratio of 4.17 and a beta of 1.55. The firm’s fifty day moving average is $188.09 and its 200 day moving average is $170.70. Wix.com has a fifty-two week low of $110.75 and a fifty-two week high of $229.79.

Institutional Trading of Wix.com

A number of hedge funds and other institutional investors have recently bought and sold shares of WIX. Raymond James & Associates grew its stake in Wix.com by 45.5% in the second quarter. Raymond James & Associates now owns 38,078 shares of the information services provider’s stock worth $6,057,000 after purchasing an additional 11,913 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Wix.com by 13.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,856 shares of the information services provider’s stock valued at $454,000 after buying an additional 347 shares during the period. Liontrust Investment Partners LLP bought a new stake in shares of Wix.com in the second quarter valued at about $434,000. ARK Investment Management LLC lifted its stake in Wix.com by 3.4% in the second quarter. ARK Investment Management LLC now owns 17,795 shares of the information services provider’s stock worth $2,831,000 after acquiring an additional 593 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Wix.com during the 2nd quarter worth about $3,100,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

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.