GSA Capital Partners LLP Buys 6,355 Shares of Wix.com Ltd. (NASDAQ:WIX)

Key Points

• GSA Capital Partners LLP significantly increased its holdings in Wix.com Ltd. by 383.3% in the first quarter, owning a total of 8,013 shares valued at approximately $1.3 million.
• Other institutional investors have also increased their stakes in Wix.com, with movements indicating strong interest as hedge funds and institutions collectively account for 81.52% of the company's stock.
• Analysts have mixed views on Wix.com, with UBS reducing its target price from $255 to $230 while maintaining a "buy" rating, reflecting a general optimism about the company's future performance.

GSA Capital Partners LLP grew its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 383.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,013 shares of the information services provider's stock after purchasing an additional 6,355 shares during the period. GSA Capital Partners LLP's holdings in Wix.com were worth $1,309,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in shares of Wix.com by 177.4% in the 1st quarter. Federated Hermes Inc. now owns 238,559 shares of the information services provider's stock valued at $38,976,000 after purchasing an additional 152,573 shares in the last quarter. LPL Financial LLC lifted its position in Wix.com by 17.1% during the 1st quarter. LPL Financial LLC now owns 8,525 shares of the information services provider's stock worth $1,393,000 after buying an additional 1,248 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wix.com by 4.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,949 shares of the information services provider's stock worth $5,547,000 after buying an additional 1,437 shares in the last quarter. TD Asset Management Inc lifted its position in Wix.com by 11.3% during the 1st quarter. TD Asset Management Inc now owns 21,057 shares of the information services provider's stock worth $3,440,000 after buying an additional 2,135 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its position in Wix.com by 41.2% during the 1st quarter. Phoenix Financial Ltd. now owns 148,258 shares of the information services provider's stock worth $24,222,000 after buying an additional 43,270 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Trading Down 5.2%

Shares of WIX stock traded down $7.06 on Friday, reaching $128.97. The company had a trading volume of 746,185 shares, compared to its average volume of 690,984. The stock has a market cap of $7.24 billion, a PE ratio of 51.38, a PEG ratio of 2.17 and a beta of 1.27. The company has a 50-day moving average of $154.59 and a 200-day moving average of $177.17. Wix.com Ltd. has a 12 month low of $128.54 and a 12 month high of $247.11.

Analysts Set New Price Targets

Several brokerages recently issued reports on WIX. Cfra Research downgraded shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of Wix.com in a research report on Wednesday, May 21st. Piper Sandler reduced their price target on shares of Wix.com from $262.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Oppenheimer reduced their price target on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, JMP Securities reiterated a "market outperform" rating and set a $250.00 price target on shares of Wix.com in a research report on Friday, June 20th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Wix.com currently has a consensus rating of "Buy" and an average target price of $228.95.

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.