CWA Asset Management Group LLC Buys New Holdings in Wix.com Ltd. (NASDAQ:WIX)

CWA Asset Management Group LLC purchased a new position in shares of Wix.com Ltd. (NASDAQ:WIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,857 shares of the information services provider’s stock, valued at approximately $1,042,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 98 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 130 shares during the period. CWM LLC boosted its holdings in Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares in the last quarter. GAMMA Investing LLC grew its position in Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock valued at $116,000 after buying an additional 491 shares during the period. Finally, Toronto Dominion Bank increased its holdings in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Down 2.7 %

Shares of WIX opened at $220.71 on Wednesday. The stock has a fifty day simple moving average of $205.28 and a two-hundred day simple moving average of $176.91. The company has a market capitalization of $12.10 billion, a PE ratio of 137.94, a price-to-earnings-growth ratio of 4.22 and a beta of 1.56. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $229.79.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WIX shares. Robert W. Baird raised their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Piper Sandler boosted their price objective on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. B. Riley increased their target price on 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 lifted their price target on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Citigroup increased their price objective on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Four 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 stock. Based on data from MarketBeat, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.59.

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.