5,095 Shares in Wix.com Ltd. (NASDAQ:WIX) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in Wix.com Ltd. (NASDAQ:WIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,095 shares of the information services provider's stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Wix.com during the fourth quarter valued at $43,000. Avior Wealth Management LLC lifted its stake in Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock valued at $43,000 after buying an additional 89 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Wix.com by 36.0% in the 4th quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock valued at $47,000 after buying an additional 58 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wix.com in the 4th quarter worth about $52,000. Finally, Blue Trust Inc. raised its holdings in shares of Wix.com by 28.3% during the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider's stock valued at $54,000 after acquiring an additional 56 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

Wix.com stock traded up $0.60 during trading on Monday, hitting $167.43. The company's stock had a trading volume of 289,196 shares, compared to its average volume of 837,271. The stock's fifty day moving average is $169.00 and its 200 day moving average is $196.33. Wix.com Ltd. has a 1-year low of $118.61 and a 1-year high of $247.11. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 71.25, a P/E/G ratio of 2.83 and a beta of 1.56.

Wix.com announced that its Board of Directors has approved a stock buyback program on Thursday, February 27th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cfra Research cut shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 15th. StockNews.com raised shares of Wix.com from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Bank of America boosted their price objective on shares of Wix.com from $228.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley lowered their price objective on shares of Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 target price on shares of Wix.com in a research report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $237.74.

Wix.com 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.