Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 21.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,940 shares of the information services provider's stock after selling 2,120 shares during the quarter. Nisa Investment Advisors LLC's holdings in Wix.com were worth $1,297,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WIX. Jones Financial Companies Lllp lifted its position in shares of 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 purchasing an additional 291 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Wix.com by 183.3% during the first quarter. TD Private Client Wealth LLC now owns 476 shares of the information services provider's stock worth $78,000 after purchasing an additional 308 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Wix.com during the fourth quarter worth about $114,000. Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 193 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of 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 purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WIX shares. Cfra Research lowered shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Jefferies Financial Group cut their target price on shares of Wix.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Piper Sandler cut their target price on shares of Wix.com from $262.00 to $225.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. B. Riley restated a "buy" rating and set a $230.00 target price (down from $240.00) on shares of Wix.com in a research note on Wednesday, May 28th. Finally, Benchmark cut their target price on shares of Wix.com from $260.00 to $245.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Three equities 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 MarketBeat.com, Wix.com presently has a consensus rating of "Buy" and a consensus target price of $228.95.

Wix.com Price Performance

Shares of WIX stock traded up $6.17 during trading hours on Wednesday, hitting $153.00. The stock had a trading volume of 985,565 shares, compared to its average volume of 695,709. The firm has a market capitalization of $8.58 billion, a PE ratio of 60.96, a PEG ratio of 2.34 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. The stock's 50 day moving average is $160.21 and its 200 day moving average is $182.51.

About Wix.com

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.