Robeco Institutional Asset Management B.V. Has $22.70 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Robeco Institutional Asset Management B.V. raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 22.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,949 shares of the information services provider's stock after purchasing an additional 25,566 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.25% of Wix.com worth $22,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WIX. Bank of New York Mellon Corp lifted its position in shares of Wix.com by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 124,622 shares of the information services provider's stock worth $26,738,000 after buying an additional 11,048 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Wix.com during the first quarter valued at $5,367,000. Yousif Capital Management LLC boosted its stake in shares of Wix.com by 4.9% in the 1st quarter. Yousif Capital Management LLC now owns 1,833 shares of the information services provider's stock valued at $299,000 after purchasing an additional 85 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Wix.com by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,973 shares of the information services provider's stock worth $7,933,000 after purchasing an additional 612 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Wix.com by 24.4% in the 4th quarter. LPL Financial LLC now owns 7,277 shares of the information services provider's stock worth $1,561,000 after purchasing an additional 1,429 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Trading Down 0.8%

Shares of WIX traded down $1.25 on Friday, reaching $158.01. 942,729 shares of the company's stock were exchanged, compared to its average volume of 687,294. The business has a 50 day moving average price of $161.69 and a two-hundred day moving average price of $187.66. Wix.com Ltd. has a 12 month low of $137.94 and a 12 month high of $247.11. The stock has a market capitalization of $8.87 billion, a P/E ratio of 62.95, a price-to-earnings-growth ratio of 2.52 and a beta of 1.31.

Analysts Set New Price Targets

WIX has been the subject of several analyst reports. Wall Street Zen downgraded shares of Wix.com from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Oppenheimer reduced their target price on Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Citigroup decreased their price target on Wix.com from $280.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company raised Wix.com from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $173.00 to $216.00 in a report on Monday, June 16th. Finally, UBS Group reduced their price objective 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. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $228.95.

About Wix.com

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.