SG Americas Securities LLC decreased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,419 shares of the information services provider's stock after selling 56,514 shares during the period. SG Americas Securities LLC owned about 0.74% of Wix.com worth $67,871,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its holdings in shares of Wix.com by 9.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock worth $130,000 after buying an additional 55 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Wix.com by 36.0% in the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock valued at $47,000 after purchasing an additional 58 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Wix.com by 30.3% in the fourth quarter. Blue Trust Inc. now owns 258 shares of the information services provider's stock valued at $55,000 after acquiring an additional 60 shares during the period. Vestcor Inc grew its position in shares of Wix.com by 8.0% during the 4th quarter. Vestcor Inc now owns 853 shares of the information services provider's stock worth $183,000 after purchasing an additional 63 shares in the last quarter. Finally, Procyon Advisors LLC increased its stake in Wix.com by 5.1% during the 1st quarter. Procyon Advisors LLC now owns 1,385 shares of the information services provider's stock worth $226,000 after acquiring an additional 67 shares during the period. 81.52% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on WIX shares. Bank of America reduced their price target on shares of Wix.com from $270.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Citigroup decreased 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. JPMorgan Chase & Co. reduced their price objective on shares of Wix.com from $205.00 to $189.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price objective on shares of Wix.com in a report on Wednesday, May 21st. Finally, Oppenheimer decreased their price target on Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $226.68.
Get Our Latest Research Report on WIX
Wix.com Stock Performance
Shares of NASDAQ WIX traded down $5.65 during midday trading on Friday, hitting $149.10. The company's stock had a trading volume of 2,181,955 shares, compared to its average volume of 662,819. The firm's fifty day moving average price is $161.86 and its 200-day moving average price is $192.34. Wix.com Ltd. has a 1-year low of $137.94 and a 1-year high of $247.11. The firm has a market cap of $8.37 billion, a P/E ratio of 63.45, a P/E/G ratio of 2.83 and a beta of 1.31.
Wix.com announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 27th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
About Wix.com
(
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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