Two Sigma Advisers LP Acquires 113,600 Shares of Wix.com Ltd. (NASDAQ:WIX)

Two Sigma Advisers LP boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 106.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,800 shares of the information services provider's stock after purchasing an additional 113,600 shares during the period. Two Sigma Advisers LP owned about 0.40% of Wix.com worth $47,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WIX. Assenagon Asset Management S.A. raised its holdings in shares of Wix.com by 94.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 26,326 shares of the information services provider's stock worth $5,648,000 after buying an additional 12,807 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Wix.com by 10.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,435 shares of the information services provider's stock valued at $1,166,000 after acquiring an additional 504 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Wix.com by 22.7% in the 4th quarter. Arkadios Wealth Advisors now owns 7,193 shares of the information services provider's stock valued at $1,543,000 after purchasing an additional 1,332 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Wix.com in the 4th quarter valued at $321,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Wix.com by 113.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider's stock worth $56,000 after purchasing an additional 139 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Down 1.4%

Shares of WIX stock opened at $180.22 on Tuesday. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 76.69, a PEG ratio of 2.83 and a beta of 1.56. Wix.com Ltd. has a 12 month low of $137.94 and a 12 month high of $247.11. The stock has a 50-day moving average price of $166.38 and a 200 day moving average price of $197.06.

Wix.com announced that its board has authorized a share buyback program on Thursday, February 27th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information services provider to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer cut their price target on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Cfra Research cut shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 15th. StockNews.com raised Wix.com from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Raymond James upgraded Wix.com from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price objective on shares of Wix.com in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $236.95.

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.

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