Wealthquest Corp Invests $403,000 in Wix.com Ltd. (NASDAQ:WIX)

Key Points

• Wealthquest Corp has invested $403,000 in Wix.com Ltd. by purchasing 2,466 shares of the company during the first quarter.
• Several institutional investors have also increased their stakes in Wix.com, with TD Private Client Wealth LLC raising its position by 183.3% during the same period.
• Analysts have a consensus rating of "Buy" for Wix.com, with an average target price of $228.95, despite recent adjustments to their price targets.

Wealthquest Corp bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,466 shares of the information services provider's stock, valued at approximately $403,000.

Several other large investors also recently made changes to their positions in the business. TD Private Client Wealth LLC lifted its stake in shares of Wix.com by 183.3% during the first quarter. TD Private Client Wealth LLC now owns 476 shares of the information services provider's stock valued at $78,000 after acquiring an additional 308 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Wix.com during the fourth quarter valued at $114,000. Versant Capital Management Inc lifted its stake in shares of Wix.com by 676.1% during the first quarter. Versant Capital Management Inc now owns 714 shares of the information services provider's stock valued at $117,000 after acquiring an additional 622 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Wix.com by 44.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider's stock valued at $135,000 after acquiring an additional 193 shares during the period. Finally, Bessemer Group Inc. lifted its stake 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 valued at $188,000 after acquiring an additional 77 shares during the period. Institutional investors own 81.52% of the company's stock.

Wix.com Price Performance

Shares of Wix.com stock opened at $136.03 on Friday. Wix.com Ltd. has a 1 year low of $135.32 and a 1 year high of $247.11. The business has a 50-day moving average of $154.97 and a two-hundred day moving average of $177.79. The company has a market capitalization of $7.63 billion, a P/E ratio of 54.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WIX. Barclays reaffirmed an "overweight" rating and set a $240.00 price target on shares of Wix.com in a research note on Wednesday, July 16th. UBS Group cut their target price on Wix.com from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Jefferies Financial Group cut their target price on Wix.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. JMP Securities reissued a "market outperform" rating and issued a $250.00 target price on shares of Wix.com in a research note on Friday, June 20th. Finally, Baird R W raised Wix.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.

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