Achmea Investment Management B.V. Acquires New Position in Wix.com Ltd. (NASDAQ:WIX)

Achmea Investment Management B.V. bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,517 shares of the information services provider's stock, valued at approximately $901,000.

A number of other hedge funds have also bought and sold shares of WIX. Wellington Management Group LLP lifted its stake in 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 valued at $324,081,000 after buying an additional 1,266,202 shares during the period. Dorsal Capital Management LP grew its position in shares of Wix.com by 1.8% during the 4th quarter. Dorsal Capital Management LP now owns 1,425,000 shares of the information services provider's stock worth $305,734,000 after buying an additional 25,000 shares during the period. Senvest Management LLC increased its stake in shares of Wix.com by 27.3% in the 4th quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock valued at $305,260,000 after acquiring an additional 304,712 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Wix.com by 55.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider's stock valued at $229,904,000 after acquiring an additional 380,800 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Wix.com by 21.0% during the fourth quarter. Renaissance Technologies LLC now owns 937,549 shares of the information services provider's stock worth $201,151,000 after acquiring an additional 162,400 shares in the last quarter. Institutional investors own 81.52% of the company's stock.

Wix.com Stock Up 1.2%

Wix.com stock traded up $1.92 during mid-day trading on Monday, reaching $159.93. 82,581 shares of the company's stock were exchanged, compared to its average volume of 684,934. The firm has a market capitalization of $8.97 billion, a PE ratio of 63.71, a P/E/G ratio of 2.52 and a beta of 1.31. The business's fifty day simple moving average is $161.69 and its 200 day simple moving average is $187.66. Wix.com Ltd. has a one year low of $137.94 and a one year high of $247.11.

Wall Street Analyst Weigh In

WIX has been the subject of several research analyst reports. Oppenheimer decreased their price target on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Robert W. Baird raised Wix.com from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $215.00 to $190.00 in a research note on Friday, May 23rd. JMP Securities restated a "market outperform" rating and set a $250.00 price objective on shares of Wix.com in a report on Friday, June 20th. Piper Sandler cut their target price on Wix.com from $262.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Benchmark lowered their price objective on shares of Wix.com from $260.00 to $245.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $228.95.

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.