Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. has increased its holdings in Wix.com Ltd. by 41.2%, acquiring an additional 43,270 shares, resulting in total ownership of 148,258 shares worth approximately $24.2 million.
• The stock's current market performance shows a decline of 1.4%, with a price opening at $152.37 and a market cap of $8.55 billion.
• A mix of analyst ratings reveals a general consensus of a "Buy" rating for Wix.com, with varying price targets ranging from $230.00 to $250.00.

Phoenix Financial Ltd. lifted its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 41.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,258 shares of the information services provider's stock after purchasing an additional 43,270 shares during the quarter. Phoenix Financial Ltd. owned 0.26% of Wix.com worth $24,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC boosted its stake in Wix.com by 183.3% during the 1st 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 during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Wix.com during the 4th quarter worth $114,000. Versant Capital Management Inc raised its holdings in shares of Wix.com by 676.1% during the 1st quarter. Versant Capital Management Inc now owns 714 shares of the information services provider's stock worth $117,000 after acquiring an additional 622 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Wix.com by 44.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider's stock worth $135,000 after acquiring an additional 193 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Wix.com by 9.7% in the 4th quarter. Bessemer Group Inc. now owns 871 shares of the information services provider's stock valued at $188,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 81.52% of the company's stock.

Wall Street Analyst Weigh In

WIX has been the topic of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and set a $250.00 price target on shares of Wix.com in a research note on Friday, June 20th. Morgan Stanley lowered their price objective on Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays reissued an "overweight" rating and set a $240.00 price objective on shares of Wix.com in a research report on Wednesday, July 16th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of Wix.com in a research report on Wednesday, June 18th. Finally, Cfra Research downgraded Wix.com from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wix.com presently has a consensus rating of "Buy" and an average price target of $228.95.

Wix.com Stock Performance

NASDAQ:WIX traded down $0.18 during trading hours on Tuesday, hitting $150.32. The company's stock had a trading volume of 282,882 shares, compared to its average volume of 865,539. The business's 50-day moving average is $155.89 and its two-hundred day moving average is $178.26. The company has a market capitalization of $8.43 billion, a PE ratio of 59.90, a PEG ratio of 2.43 and a beta of 1.31. Wix.com Ltd. has a 52-week low of $137.94 and a 52-week high of $247.11.

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.