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TD Asset Management Inc Increases Stake in Wix.com Ltd. (NASDAQ:WIX)

Wix.com logo with Computer and Technology background

Key Points

  • TD Asset Management Inc increased its stake in Wix.com by 11.3% during the first quarter, holding 21,057 shares valued at approximately $3.44 million.
  • Research analysts have a consensus rating of "Buy" for Wix.com, with several firms lowering their target prices, notably from $265.00 to $230.00.
  • As of the latest update, institutional investors own 81.52% of Wix.com's shares, indicating strong institutional interest in the company.
  • Interested in Wix.com? Here are five stocks we like better.

TD Asset Management Inc boosted its stake in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,057 shares of the information services provider's stock after acquiring an additional 2,135 shares during the period. TD Asset Management Inc's holdings in Wix.com were worth $3,440,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its stake in Wix.com by 183.3% in the first quarter. TD Private Client Wealth LLC now owns 476 shares of the information services provider's stock valued at $78,000 after buying an additional 308 shares during the period. Versant Capital Management Inc lifted its stake in Wix.com by 676.1% in the first quarter. Versant Capital Management Inc now owns 714 shares of the information services provider's stock valued at $117,000 after buying an additional 622 shares during the period. Tower Research Capital LLC TRC lifted its stake in Wix.com by 44.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 630 shares of the information services provider's stock valued at $135,000 after buying an additional 193 shares during the period. Bessemer Group Inc. lifted its stake in Wix.com by 9.7% in the fourth quarter. Bessemer Group Inc. now owns 871 shares of the information services provider's stock valued at $188,000 after buying an additional 77 shares during the period. Finally, Ellevest Inc. acquired a new position in Wix.com in the fourth quarter valued at approximately $204,000. 81.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Oppenheimer dropped their price target on Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their price target on Wix.com from $280.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. B. Riley reaffirmed a "buy" rating and set a $230.00 target price (down from $240.00) on shares of Wix.com in a research report on Wednesday, May 28th. UBS Group lowered their target price on Wix.com from $255.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company raised Wix.com from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $173.00 to $216.00 in a research report on Monday, June 16th. Two investment 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 data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $228.95.

Read Our Latest Stock Report on WIX

Wix.com Price Performance

Shares of NASDAQ WIX traded up $2.47 during trading on Monday, hitting $131.44. The stock had a trading volume of 2,119,750 shares, compared to its average volume of 728,296. Wix.com Ltd. has a 12 month low of $128.10 and a 12 month high of $247.11. The company has a market capitalization of $7.38 billion, a PE ratio of 49.41, a PEG ratio of 2.06 and a beta of 1.27. The firm has a fifty day moving average of $153.74 and a two-hundred day moving average of $174.75.

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.

Further Reading

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

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