Worldquant Millennium Advisors LLC Buys 42,969 Shares of Wix.com Ltd. (NASDAQ:WIX)

Worldquant Millennium Advisors LLC lifted its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,187 shares of the information services provider's stock after purchasing an additional 42,969 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.19% of Wix.com worth $22,782,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Wix.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Wall Street Zen cut Wix.com from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price target on shares of Wix.com in a research note on Wednesday. Robert W. Baird raised Wix.com from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $215.00 to $190.00 in a report on Friday. Finally, UBS Group lowered their target price on Wix.com from $255.00 to $230.00 and set a "buy" rating for the company in a report on Thursday. Four 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $226.16.

Wix.com Trading Down 2.4%

NASDAQ WIX traded down $3.73 on Friday, hitting $151.26. 1,340,082 shares of the company were exchanged, compared to its average volume of 651,999. The stock has a fifty day moving average of $165.42 and a 200-day moving average of $196.49. Wix.com Ltd. has a 12 month low of $137.94 and a 12 month high of $247.11. The company has a market cap of $8.49 billion, a PE ratio of 64.37, a PEG ratio of 2.83 and a beta of 1.56.

Wix.com announced that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Wix.com 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.