Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,949 shares of the information services provider's stock after purchasing an additional 2,291 shares during the period. Teacher Retirement System of Texas' holdings in Wix.com were worth $3,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WIX. Wellington Management Group LLP raised its position in Wix.com by 518.3% during the fourth quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after acquiring an additional 1,266,202 shares during the last quarter. Durable Capital Partners LP acquired a new position in Wix.com during the fourth quarter worth about $89,839,000. Whale Rock Capital Management LLC raised its position in Wix.com by 55.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider's stock worth $229,904,000 after acquiring an additional 380,800 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Wix.com by 1,209.4% during the first quarter. Assenagon Asset Management S.A. now owns 344,713 shares of the information services provider's stock worth $56,319,000 after acquiring an additional 318,387 shares during the last quarter. Finally, Senvest Management LLC raised its position in Wix.com by 27.3% during the fourth quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock worth $305,260,000 after acquiring an additional 304,712 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Stock Up 0.3%

Shares of NASDAQ:WIX traded up $0.51 on Wednesday, reaching $162.28. 9,022 shares of the company's stock were exchanged, compared to its average volume of 686,418. Wix.com Ltd. has a fifty-two week low of $137.94 and a fifty-two week high of $247.11. The business's 50-day moving average is $161.92 and its two-hundred day moving average is $185.17. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 64.64, a PEG ratio of 2.61 and a beta of 1.31.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Cfra Research cut shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Oppenheimer cut their price objective on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company raised shares of Wix.com from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $173.00 to $216.00 in a research report on Monday, June 16th. JMP Securities restated a "market outperform" rating and issued a $250.00 target price on shares of Wix.com in a report on Friday, June 20th. Finally, B. Riley reiterated a "buy" rating and set a $230.00 price objective (down from $240.00) on shares of Wix.com in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has an average rating of "Buy" and an average target price of $228.95.

Wix.com 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.