Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,007 shares of the information services provider's stock after selling 16,778 shares during the period. Jump Financial LLC's holdings in Wix.com were worth $4,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WIX. Wellington Management Group LLP grew its position in shares of Wix.com by 518.3% during the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock valued at $324,081,000 after acquiring an additional 1,266,202 shares during the period. Senvest Management LLC boosted its position in shares of Wix.com by 27.3% during the fourth quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock worth $305,260,000 after acquiring an additional 304,712 shares during the last quarter. Renaissance Technologies LLC grew its stake in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Wix.com by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 481,535 shares of the information services provider's stock worth $102,926,000 after purchasing an additional 19,633 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Wix.com by 558.5% during the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock valued at $101,253,000 after purchasing an additional 400,265 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $235.00 price objective on shares of Wix.com in a report on Wednesday, February 19th. Citigroup upped their target price on Wix.com from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Cfra Research lowered shares of Wix.com from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 15th. Cantor Fitzgerald upped their target price on shares of Wix.com from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley decreased their price target on shares of Wix.com from $276.00 to $207.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has an average rating of "Moderate Buy" and a consensus price target of $238.89.

Wix.com Stock Performance

WIX stock traded up $6.07 during trading on Tuesday, reaching $152.57. The company had a trading volume of 147,040 shares, compared to its average volume of 650,592. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 65.07, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm has a 50-day simple moving average of $177.75 and a 200-day simple moving average of $196.38.

Wix.com announced that its board has authorized a stock buyback plan on Thursday, February 27th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

About Wix.com

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.