DekaBank Deutsche Girozentrale Lowers Position in Wix.com Ltd. (NASDAQ:WIX)

DekaBank Deutsche Girozentrale lowered its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 72.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,893 shares of the information services provider's stock after selling 7,566 shares during the period. DekaBank Deutsche Girozentrale's holdings in Wix.com were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in Wix.com by 559.6% during the fourth quarter. Jones Financial Companies Lllp now owns 343 shares of the information services provider's stock worth $74,000 after acquiring an additional 291 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Wix.com by 183.3% in the first quarter. TD Private Client Wealth LLC now owns 476 shares of the information services provider's stock valued at $78,000 after buying an additional 308 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Wix.com in the fourth quarter valued at approximately $114,000. Versant Capital Management Inc raised its position in shares of Wix.com by 676.1% in the first quarter. Versant Capital Management Inc now owns 714 shares of the information services provider's stock valued at $117,000 after buying an additional 622 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Wix.com by 44.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider's stock valued at $135,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of Wix.com in a research report on Wednesday, May 21st. Royal Bank Of Canada cut their price objective on shares of Wix.com from $245.00 to $210.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Bank of America cut their price objective on shares of Wix.com from $270.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of Wix.com in a report on Wednesday, June 18th. Finally, JMP Securities restated a "market outperform" rating and issued a $250.00 target price on shares of Wix.com in a report on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Wix.com currently has an average rating of "Buy" and a consensus target price of $228.95.

Wix.com Stock Down 1.7%

WIX opened at $149.61 on Tuesday. Wix.com Ltd. has a 52-week low of $137.94 and a 52-week high of $247.11. The company has a 50 day moving average of $161.16 and a two-hundred day moving average of $183.45. The company has a market cap of $8.39 billion, a P/E ratio of 59.61, a P/E/G ratio of 2.43 and a beta of 1.31.

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.

Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.