Wix.com (NASDAQ:WIX) Given New $260.00 Price Target at Jefferies Financial Group

Wix.com (NASDAQ:WIX) had its target price upped by research analysts at Jefferies Financial Group from $225.00 to $260.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.80% from the company’s previous close.

Several other equities research analysts have also recently issued reports on WIX. Robert W. Baird raised their price objective on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Benchmark lifted their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Citigroup upped their target price on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. B. Riley lifted their price objective on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays increased their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.59.

Wix.com Stock Performance

NASDAQ:WIX opened at $220.71 on Monday. The stock has a 50 day moving average price of $205.28 and a 200 day moving average price of $176.91. The stock has a market cap of $12.10 billion, a PE ratio of 137.94, a P/E/G ratio of 4.22 and a beta of 1.56. Wix.com has a one year low of $117.58 and a one year high of $229.79.

Institutional Trading of Wix.com

A number of institutional investors have recently bought and sold shares of WIX. Dorsal Capital Management LP lifted its stake in Wix.com by 23.8% in the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after buying an additional 250,000 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Wix.com by 545.7% during the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after buying an additional 201,532 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 worth $124,973,000 after buying an additional 171,500 shares during the last quarter. Whale Rock Capital Management LLC increased its position in Wix.com by 31.6% in the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after acquiring an additional 165,810 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in Wix.com during the 2nd quarter valued at approximately $13,646,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

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.