VELA Investment Management LLC Has $3.08 Million Position in Wix.com Ltd. (NASDAQ:WIX)

VELA Investment Management LLC boosted its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 74.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,872 shares of the information services provider's stock after buying an additional 8,075 shares during the quarter. VELA Investment Management LLC's holdings in Wix.com were worth $3,083,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Wix.com by 518.3% in 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 purchasing an additional 1,266,202 shares in the last quarter. Durable Capital Partners LP acquired a new position in Wix.com in the fourth quarter worth $89,839,000. Whale Rock Capital Management LLC boosted its stake in Wix.com by 55.1% in 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 purchasing an additional 380,800 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 shares of 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 Price Performance

Shares of Wix.com stock traded down $0.41 during trading hours on Friday, hitting $164.17. The company's stock had a trading volume of 495,341 shares, compared to its average volume of 690,411. 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 of $162.11 and a 200 day moving average of $185.73. The company has a market capitalization of $9.21 billion, a PE ratio of 65.41, a price-to-earnings-growth ratio of 2.62 and a beta of 1.31.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WIX. UBS Group dropped their target price on Wix.com from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Royal Bank Of Canada dropped their target price on Wix.com from $245.00 to $210.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company upgraded Wix.com from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $173.00 to $216.00 in a research report on Monday, June 16th. Oppenheimer dropped their target price on Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Baird R W upgraded Wix.com from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target 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.