2,466 Shares in Wix.com Ltd. (NASDAQ:WIX) Purchased by Wealthquest Corp

Wealthquest Corp bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,466 shares of the information services provider's stock, valued at approximately $403,000.

A number of other hedge funds also recently bought and sold shares of WIX. Global Retirement Partners LLC lifted its holdings in shares of Wix.com by 36.0% during the 4th quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock valued at $47,000 after purchasing an additional 58 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wix.com during the 4th quarter valued at $52,000. Blue Trust Inc. lifted its holdings in shares of Wix.com by 30.3% during the 4th quarter. Blue Trust Inc. now owns 258 shares of the information services provider's stock valued at $55,000 after purchasing an additional 60 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 291 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Wix.com during the 4th quarter valued at $114,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Price Performance

WIX stock traded down $1.25 during trading on Friday, hitting $158.01. The stock had a trading volume of 942,729 shares, compared to its average volume of 686,598. Wix.com Ltd. has a twelve month low of $137.94 and a twelve month high of $247.11. The stock has a market capitalization of $8.87 billion, a P/E ratio of 62.95, a PEG ratio of 2.54 and a beta of 1.31. The company's 50-day moving average price is $161.69 and its two-hundred day moving average price is $188.12.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Robert W. Baird upgraded Wix.com from a "neutral" rating to an "outperform" rating and reduced their target price for the stock from $215.00 to $190.00 in a research note on Friday, May 23rd. Bank of America reduced their target price on Wix.com from $270.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. JMP Securities restated a "market outperform" rating and issued a $250.00 target price on shares of Wix.com in a research note on Friday, June 20th. Citigroup reduced their target price on Wix.com from $280.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, UBS Group reduced their target price on Wix.com from $255.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $228.95.

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.