Los Angeles Capital Management LLC acquired a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,443 shares of the information services provider's stock, valued at approximately $7,098,000. Los Angeles Capital Management LLC owned approximately 0.08% of Wix.com as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Wix.com by 518.3% in the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock valued at $324,081,000 after purchasing an additional 1,266,202 shares in the last quarter. Durable Capital Partners LP acquired a new stake in shares of Wix.com in the 4th quarter valued at approximately $89,839,000. Whale Rock Capital Management LLC boosted its stake in shares of Wix.com by 55.1% in 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 purchasing an additional 380,800 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Wix.com by 1,209.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 344,713 shares of the information services provider's stock valued at $56,319,000 after purchasing an additional 318,387 shares in the last quarter. Finally, Senvest Management LLC boosted 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 purchasing an additional 304,712 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on WIX shares. 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 note on Wednesday, April 30th. B. Riley reiterated a "buy" rating and issued a $230.00 price objective (down previously from $240.00) on shares of Wix.com in a report on Wednesday, May 28th. Benchmark dropped their price objective on shares of Wix.com from $260.00 to $245.00 and set a "buy" rating for the company in a report on Monday, May 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of Wix.com in a report on Wednesday, June 18th. Finally, Wall Street Zen lowered shares of Wix.com from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 13th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $228.95.
Read Our Latest Stock Analysis on WIX
Wix.com Stock Down 0.7%
NASDAQ:WIX opened at $153.96 on Tuesday. The company has a fifty day moving average of $159.01 and a 200-day moving average of $180.71. The firm has a market capitalization of $8.64 billion, a P/E ratio of 61.34, a P/E/G ratio of 2.47 and a beta of 1.31. Wix.com Ltd. has a twelve month low of $137.94 and a twelve month high of $247.11.
Wix.com Company Profile
(
Free Report)
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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