Y Intercept Hong Kong Ltd lifted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 213.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,201 shares of the information services provider's stock after buying an additional 12,387 shares during the period. Y Intercept Hong Kong Ltd's holdings in Wix.com were worth $2,974,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of WIX. Wellington Management Group LLP grew its position in shares of Wix.com by 518.3% during 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 buying 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 approximately $89,839,000. Whale Rock Capital Management LLC grew its position in Wix.com by 55.1% during the 4th 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. increased its position in Wix.com by 1,209.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 344,713 shares of the information services provider's stock worth $56,319,000 after purchasing an additional 318,387 shares during the last quarter. Finally, Senvest Management LLC raised its position in shares of Wix.com by 27.3% in the fourth quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock valued at $305,260,000 after purchasing an additional 304,712 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
Wix.com Stock Up 0.4%
Shares of WIX opened at $154.57 on Wednesday. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 61.58, a PEG ratio of 2.45 and a beta of 1.31. The business has a 50-day simple moving average of $159.01 and a two-hundred day simple moving average of $180.71. Wix.com Ltd. has a 52 week low of $137.94 and a 52 week high of $247.11.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on WIX shares. Oppenheimer decreased their price objective 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. Wall Street Zen cut shares of Wix.com from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 13th. Benchmark reduced their target price on shares of Wix.com from $260.00 to $245.00 and set a "buy" rating for the company in a research report on Monday, May 19th. B. Riley reissued a "buy" rating and set a $230.00 target price (down from $240.00) on shares of Wix.com in a report on Wednesday, May 28th. Finally, Barclays reissued an "overweight" rating and set a $240.00 target price on shares of Wix.com in a research note on Wednesday, July 16th. 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. According to MarketBeat.com, Wix.com has a consensus rating of "Buy" and a consensus price target of $228.95.
Read Our Latest Research Report on Wix.com
About Wix.com
(
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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