Teacher Retirement System of Texas grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 10.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,949 shares of the information services provider's stock after acquiring an additional 2,291 shares during the period. Teacher Retirement System of Texas' holdings in Wix.com were worth $3,913,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Wix.com during the 4th quarter valued at approximately $52,000. Jones Financial Companies Lllp lifted its stake in shares of Wix.com by 559.6% during the 4th 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 in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Wix.com during the 4th quarter valued at approximately $114,000. Versant Capital Management Inc lifted its stake 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 valued at $117,000 after buying an additional 622 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Wix.com by 9.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock valued at $130,000 after buying an additional 55 shares in the last quarter. 81.52% of the stock is owned by institutional investors.
Wix.com Stock Performance
Shares of WIX stock traded down $3.68 on Friday, hitting $152.27. 680,206 shares of the company's stock traded hands, compared to its average volume of 691,455. Wix.com Ltd. has a one year low of $137.94 and a one year high of $247.11. The company's fifty day simple moving average is $161.45 and its 200 day simple moving average is $184.53. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 60.67, a P/E/G ratio of 2.52 and a beta of 1.31.
Analyst Upgrades and Downgrades
Several analysts have issued reports on WIX shares. Wall Street Zen upgraded shares of Wix.com from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Citigroup lowered their target price on shares of Wix.com from $280.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Benchmark lowered 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. Royal Bank Of Canada lowered their target price on shares of Wix.com from $245.00 to $210.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Finally, Baird R W upgraded shares of Wix.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Wix.com presently has an average rating of "Buy" and an average price target of $228.95.
Check Out Our Latest Report on WIX
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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