Public Employees Retirement System of Ohio Has $12.22 Million Holdings in Wix.com Ltd. (NASDAQ:WIX)

Public Employees Retirement System of Ohio reduced its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,938 shares of the information services provider's stock after selling 6,011 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.10% of Wix.com worth $12,216,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Wix.com during the 4th quarter valued at about $43,000. Avior Wealth Management LLC lifted its stake in Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock valued at $43,000 after acquiring an additional 89 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Wix.com by 36.0% in the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock valued at $47,000 after acquiring an additional 58 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wix.com in the fourth quarter valued at approximately $52,000. Finally, Blue Trust Inc. lifted its stake in shares of Wix.com by 28.3% in the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider's stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Performance

WIX traded up $0.14 during midday trading on Wednesday, hitting $152.30. The company had a trading volume of 911,343 shares, compared to its average volume of 655,946. The company has a market capitalization of $8.55 billion, a PE ratio of 64.81, a P/E/G ratio of 2.83 and a beta of 1.56. The firm's 50-day simple moving average is $164.26 and its 200-day simple moving average is $196.11. Wix.com Ltd. has a twelve month low of $137.94 and a twelve month high of $247.11.

Wix.com announced that its Board of Directors has approved a share buyback program on Thursday, February 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

WIX has been the subject of a number of analyst reports. Oppenheimer reduced their price objective on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. B. Riley reissued a "buy" rating and set a $230.00 target price (down previously from $240.00) on shares of Wix.com in a research report on Wednesday. Barclays boosted their target price on shares of Wix.com from $236.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Scotiabank assumed coverage on Wix.com in a research report on Wednesday, March 5th. They set a "sector outperform" rating and a $250.00 price objective for the company. Finally, Jefferies Financial Group cut their price objective on Wix.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $226.68.

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.