Teacher Retirement System of Texas Acquires 2,291 Shares of Wix.com Ltd. (NASDAQ:WIX)

Teacher Retirement System of Texas increased its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 23,949 shares of the information services provider's stock after acquiring an additional 2,291 shares during the quarter. Teacher Retirement System of Texas' holdings in Wix.com were worth $3,913,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WIX. Bank of New York Mellon Corp increased its position in shares of Wix.com by 9.7% during the fourth quarter. Bank of New York Mellon Corp now owns 124,622 shares of the information services provider's stock valued at $26,738,000 after buying an additional 11,048 shares during the period. Jones Financial Companies Lllp increased 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 valued at $74,000 after buying an additional 291 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Wix.com during the fourth quarter valued at about $52,000. Charles Schwab Investment Management Inc. increased its position in shares of Wix.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,973 shares of the information services provider's stock valued at $7,933,000 after buying an additional 612 shares during the period. Finally, Keybank National Association OH bought a new stake in shares of Wix.com during the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $1.92 during mid-day trading on Tuesday, hitting $161.76. The stock had a trading volume of 449,294 shares, compared to its average volume of 688,562. Wix.com Ltd. has a 1 year low of $137.94 and a 1 year high of $247.11. The business has a 50 day moving average price of $162.09 and a two-hundred day moving average price of $185.33. The firm has a market cap of $9.08 billion, a P/E ratio of 64.45, a price-to-earnings-growth ratio of 2.62 and a beta of 1.31.

Wall Street Analysts Forecast Growth

WIX has been the topic of several analyst reports. Royal Bank Of Canada decreased their price target on Wix.com from $245.00 to $210.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Bank of America decreased their price target on Wix.com from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. B. Riley reaffirmed a "buy" rating and issued a $230.00 target price (down from $240.00) on shares of Wix.com in a research note on Wednesday, May 28th. Piper Sandler lowered 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. Finally, UBS Group lowered their target price on shares of Wix.com from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price 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.