Two Sigma Investments LP lifted its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,389 shares of the information services provider's stock after acquiring an additional 167,143 shares during the period. Two Sigma Investments LP owned about 0.63% of Wix.com worth $74,103,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Wix.com by 518.3% in the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after purchasing an additional 1,266,202 shares during the last quarter. Dorsal Capital Management LP increased its position in Wix.com by 1.8% in the fourth quarter. Dorsal Capital Management LP now owns 1,425,000 shares of the information services provider's stock worth $305,734,000 after buying an additional 25,000 shares during the period. Senvest Management LLC lifted its stake in 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 buying an additional 304,712 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Wix.com by 21.0% during the fourth quarter. Renaissance Technologies LLC now owns 937,549 shares of the information services provider's stock valued at $201,151,000 after acquiring an additional 162,400 shares during the period. Finally, Man Group plc grew its position in shares of Wix.com by 1.5% during the fourth quarter. Man Group plc now owns 643,651 shares of the information services provider's stock worth $138,095,000 after acquiring an additional 9,706 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.
Wix.com Price Performance
WIX stock opened at $180.22 on Tuesday. The firm has a market cap of $10.11 billion, a PE ratio of 76.69, a P/E/G ratio of 2.83 and a beta of 1.56. Wix.com Ltd. has a 12 month low of $137.94 and a 12 month high of $247.11. The firm has a 50 day simple moving average of $166.38 and a 200 day simple moving average of $197.06.
Wix.com announced that its board has authorized a stock repurchase program on Thursday, February 27th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the information services provider to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Analyst Ratings Changes
A number of research firms have issued reports on WIX. Citigroup reduced their target price on shares of Wix.com from $280.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $235.00 price objective on shares of Wix.com in a research report on Wednesday, February 19th. Piper Sandler raised their target price on Wix.com from $249.00 to $262.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley reduced their price target on Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer decreased their price target on Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $236.95.
Read Our Latest Report on Wix.com
Wix.com Profile
(
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.
Read More
Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.com Ltd. (NASDAQ:WIX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wix.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.
While Wix.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
