Wix.com Ltd. (NASDAQ:WIX) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 106.0% in the fourth quarter, according to its most recent 13F filing with the SEC. 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 approximately 0.40% of Wix.com worth $47,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Wix.com by 518.3% during the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after purchasing an additional 1,266,202 shares during the period. Dorsal Capital Management LP boosted its position in shares of Wix.com by 1.8% during the 4th quarter. Dorsal Capital Management LP now owns 1,425,000 shares of the information services provider's stock worth $305,734,000 after purchasing an additional 25,000 shares during the period. Senvest Management LLC boosted its position in shares of Wix.com by 27.3% during the 4th quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock worth $305,260,000 after purchasing an additional 304,712 shares during the period. Renaissance Technologies LLC boosted its position in shares of Wix.com by 21.0% during the 4th quarter. Renaissance Technologies LLC now owns 937,549 shares of the information services provider's stock worth $201,151,000 after purchasing an additional 162,400 shares during the period. Finally, Man Group plc boosted its position in shares of Wix.com by 1.5% during the 4th quarter. Man Group plc now owns 643,651 shares of the information services provider's stock worth $138,095,000 after purchasing an additional 9,706 shares during the period. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price objective on shares of Wix.com in a research report on Wednesday. Jefferies Financial Group lowered their price objective on shares of Wix.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Cfra Research lowered shares of Wix.com from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 15th. Oppenheimer reduced their target price on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup reduced their target price on shares of Wix.com from $280.00 to $238.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Wix.com presently has an average rating of "Moderate Buy" and an average target price of $226.16.

Wix.com Price Performance

Shares of WIX traded down $3.73 during midday trading on Friday, reaching $151.26. The stock had a trading volume of 1,340,082 shares, compared to its average volume of 651,249. Wix.com Ltd. has a 1-year low of $137.94 and a 1-year high of $247.11. The company's fifty day simple moving average is $165.42 and its two-hundred day simple moving average is $196.70. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 2.83 and a beta of 1.56.

Wix.com announced that its Board of Directors has authorized a share buyback plan on Thursday, February 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.