Captrust Financial Advisors Has $59.99 Million Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Captrust Financial Advisors increased its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 279,594 shares of the information services provider's stock after buying an additional 41,129 shares during the quarter. Captrust Financial Advisors owned 0.51% of Wix.com worth $59,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its holdings in Wix.com by 323.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 197,664 shares of the information services provider's stock worth $42,409,000 after buying an additional 150,967 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Wix.com in the fourth quarter worth approximately $1,609,000. BNP Paribas Financial Markets boosted its holdings in Wix.com by 422.2% in the fourth quarter. BNP Paribas Financial Markets now owns 158,722 shares of the information services provider's stock valued at $34,054,000 after acquiring an additional 128,329 shares during the last quarter. Ameriprise Financial Inc. increased its position in Wix.com by 63.7% during the 4th quarter. Ameriprise Financial Inc. now owns 30,746 shares of the information services provider's stock valued at $6,597,000 after purchasing an additional 11,966 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Wix.com by 36.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 19,990 shares of the information services provider's stock worth $4,289,000 after purchasing an additional 5,350 shares during the last quarter. Institutional investors own 81.52% of the company's stock.

Wix.com Trading Down 0.2 %

NASDAQ WIX opened at $166.43 on Tuesday. The firm has a market capitalization of $9.34 billion, a P/E ratio of 70.82, a PEG ratio of 2.83 and a beta of 1.56. The business has a fifty day simple moving average of $168.34 and a 200 day simple moving average of $196.28. Wix.com Ltd. has a 12 month low of $118.61 and a 12 month high of $247.11.

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

Wall Street Analyst Weigh In

WIX has been the subject of several recent analyst reports. Scotiabank initiated coverage on shares of Wix.com in a research report on Wednesday, March 5th. They set a "sector outperform" rating and a $250.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Wix.com from $205.00 to $189.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Raymond James raised Wix.com from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $225.00 to $300.00 in a research note on Tuesday, January 21st. Piper Sandler raised their target price on Wix.com from $249.00 to $262.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald boosted their price target on Wix.com from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wix.com has a consensus rating of "Moderate Buy" and an average target price 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.

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