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Vontobel Holding Ltd. Purchases New Stake in Wix.com Ltd. (NASDAQ:WIX)

Wix.com logo with Computer and Technology background

Vontobel Holding Ltd. bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,768 shares of the information services provider's stock, valued at approximately $616,000.

A number of other large investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. boosted its position in 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 purchasing an additional 55 shares during the period. Vestcor Inc lifted its stake in Wix.com by 8.0% in the fourth quarter. Vestcor Inc now owns 853 shares of the information services provider's stock valued at $183,000 after buying an additional 63 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Wix.com by 5.1% during the first quarter. Procyon Advisors LLC now owns 1,385 shares of the information services provider's stock valued at $226,000 after acquiring an additional 67 shares during the period. Bessemer Group Inc. grew its position in shares of Wix.com by 9.7% during the fourth quarter. Bessemer Group Inc. now owns 871 shares of the information services provider's stock worth $188,000 after acquiring an additional 77 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of Wix.com by 4.9% during the first quarter. Yousif Capital Management LLC now owns 1,833 shares of the information services provider's stock worth $299,000 after acquiring an additional 85 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Down 0.2%

WIX opened at $164.17 on Monday. The firm has a market cap of $9.21 billion, a PE ratio of 65.41, a P/E/G ratio of 2.62 and a beta of 1.31. The business has a fifty day simple moving average of $162.11 and a 200-day simple moving average of $185.73. Wix.com Ltd. has a fifty-two week low of $137.94 and a fifty-two week high of $247.11.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WIX. Oppenheimer cut their price objective on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird raised Wix.com from a "neutral" rating to an "outperform" rating and cut their price target for the company from $215.00 to $190.00 in a report on Friday, May 23rd. Morgan Stanley decreased their price objective on Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of Wix.com in a report on Wednesday, May 21st. Finally, Wells Fargo & Company raised Wix.com from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $173.00 to $216.00 in a report on Monday, June 16th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Wix.com currently has an average rating of "Buy" and a consensus target price of $228.95.

View Our Latest Analysis on WIX

Wix.com Profile

(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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Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX - Free Report).

Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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