Migdal Insurance & Financial Holdings Ltd. Purchases 65,000 Shares of Wix.com Ltd. (NASDAQ:WIX)

Migdal Insurance & Financial Holdings Ltd. raised its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 53.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,534 shares of the information services provider's stock after buying an additional 65,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.33% of Wix.com worth $30,313,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WIX. TD Private Client Wealth LLC grew 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 purchasing an additional 308 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Wix.com during the fourth quarter worth about $114,000. Versant Capital Management Inc grew its position in Wix.com by 676.1% during the first quarter. Versant Capital Management Inc now owns 714 shares of the information services provider's stock worth $117,000 after buying an additional 622 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Wix.com by 44.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider's stock worth $135,000 after buying an additional 193 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Wix.com by 9.7% during the fourth quarter. Bessemer Group Inc. now owns 871 shares of the information services provider's stock worth $188,000 after buying an additional 77 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Down 1.0%

Wix.com stock opened at $153.10 on Friday. The company has a market capitalization of $8.59 billion, a P/E ratio of 60.89, a PEG ratio of 2.44 and a beta of 1.31. The stock's 50 day moving average is $159.86 and its 200 day moving average is $182.08. Wix.com Ltd. has a twelve month low of $137.94 and a twelve month high of $247.11.

Wall Street Analyst Weigh In

Several research firms recently commented on WIX. Royal Bank Of Canada reduced their target price on Wix.com from $245.00 to $210.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Citigroup reduced their target price on Wix.com from $280.00 to $238.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Benchmark reduced their target price on Wix.com from $260.00 to $245.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Baird R W upgraded Wix.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley dropped their price target on Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Three 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. According to MarketBeat.com, Wix.com 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.

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.