Wix.com Ltd. (NASDAQ:WIX) Holdings Decreased by Deutsche Bank AG

Deutsche Bank AG decreased its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,153 shares of the information services provider's stock after selling 6,488 shares during the quarter. Deutsche Bank AG owned approximately 0.20% of Wix.com worth $23,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in Wix.com in the 4th quarter valued at about $43,000. Avior Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 89 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of 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 purchasing an additional 58 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Wix.com in the 4th quarter valued at about $52,000. Finally, Blue Trust Inc. lifted its stake in shares of Wix.com by 28.3% in the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider's stock valued at $54,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $0.16 during trading on Friday, reaching $182.75. The stock had a trading volume of 457,893 shares, compared to its average volume of 657,068. Wix.com Ltd. has a one year low of $137.94 and a one year high of $247.11. The stock has a market cap of $10.25 billion, a PE ratio of 77.77, a P/E/G ratio of 2.83 and a beta of 1.56. The firm's 50 day moving average price is $166.28 and its two-hundred day moving average price is $196.74.

Wix.com announced that its Board of Directors has authorized a share buyback plan on Thursday, February 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

WIX has been the topic of several research analyst reports. Benchmark lifted their price objective on Wix.com from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Oppenheimer reduced their price target on Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Bank of America boosted their price target on Wix.com from $228.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and set a $235.00 price target on shares of Wix.com in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their price target on Wix.com from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Five investment 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 presently has an average rating of "Moderate Buy" and an average 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.