Susquehanna Fundamental Investments LLC Purchases Shares of 5,575 Wix.com Ltd. (NASDAQ:WIX)

Susquehanna Fundamental Investments LLC purchased a new stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,575 shares of the information services provider's stock, valued at approximately $1,196,000.

Several other institutional investors and hedge funds have also bought and sold shares of WIX. Wellington Management Group LLP lifted its holdings in shares of Wix.com by 518.3% in the fourth quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after acquiring an additional 1,266,202 shares during the last quarter. SG Americas Securities LLC lifted its stake in Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock valued at $101,253,000 after purchasing an additional 400,265 shares during the last quarter. Senvest Management LLC boosted its position in Wix.com by 27.3% in the fourth quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock valued at $305,260,000 after buying an additional 304,712 shares in the last quarter. Norges Bank bought a new stake in shares of Wix.com during the fourth quarter worth $63,829,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Wix.com by 1,382.1% in the 4th quarter. Alliancebernstein L.P. now owns 259,649 shares of the information services provider's stock valued at $55,708,000 after acquiring an additional 242,130 shares during the last quarter. Institutional investors own 81.52% of the company's stock.

Wix.com Stock Performance

Wix.com stock traded down $0.40 during mid-day trading on Monday, reaching $166.43. The stock had a trading volume of 582,619 shares, compared to its average volume of 658,500. Wix.com Ltd. has a fifty-two week low of $118.61 and a fifty-two week high of $247.11. The stock's 50-day simple moving average is $169.00 and its 200-day simple moving average is $196.33. The firm has a market capitalization of $9.34 billion, a PE ratio of 70.82, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56.

Wix.com declared that its board has authorized a stock buyback program on Thursday, February 27th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Cantor Fitzgerald increased their target price on Wix.com from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Wix.com from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. JMP Securities reissued a "market outperform" rating and set a $240.00 target price on shares of Wix.com in a report on Tuesday, February 18th. Benchmark lifted their price target on shares of Wix.com from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Morgan Stanley decreased their price objective on Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Wix.com presently has an average rating of "Moderate Buy" and an average target price of $237.74.

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.