Worldquant Millennium Advisors LLC Has $22.78 Million Stake in Wix.com Ltd. (NASDAQ:WIX)

Worldquant Millennium Advisors LLC lifted its holdings in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 68.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,187 shares of the information services provider's stock after acquiring an additional 42,969 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.19% of Wix.com worth $22,782,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. raised its position in Wix.com by 9.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock valued at $130,000 after purchasing an additional 55 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Wix.com by 28.3% in the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider's stock valued at $54,000 after buying an additional 56 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of 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 buying an additional 58 shares during the last quarter. Vestcor Inc raised its holdings in shares of Wix.com by 8.0% in the fourth quarter. Vestcor Inc now owns 853 shares of the information services provider's stock valued at $183,000 after buying an additional 63 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Wix.com by 9.7% during the 4th quarter. Bessemer Group Inc. now owns 871 shares of the information services provider's stock worth $188,000 after buying an additional 77 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Cfra Research cut shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird raised shares of Wix.com from a "neutral" rating to an "outperform" rating and decreased their price target for the company from $215.00 to $190.00 in a research note on Friday. Jefferies Financial Group lowered their price target on shares of Wix.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 7th. JMP Securities restated a "market outperform" rating and issued a $250.00 price objective on shares of Wix.com in a research report on Thursday. Finally, Wells Fargo & Company reduced their price objective on Wix.com from $176.00 to $173.00 and set an "equal weight" rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $226.16.

Wix.com Stock Performance

NASDAQ:WIX traded down $3.73 during mid-day trading on Monday, hitting $151.26. The company had a trading volume of 1,340,082 shares, compared to its average volume of 651,249. Wix.com Ltd. has a fifty-two week low of $137.94 and a fifty-two week high of $247.11. The firm has a market cap of $8.49 billion, a P/E ratio of 64.37, a P/E/G ratio of 2.83 and a beta of 1.56. The business's fifty day moving average is $165.42 and its two-hundred day moving average is $196.87.

Wix.com announced that its Board of Directors has approved a share repurchase plan on Thursday, February 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the information services provider to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

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.