MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 26.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,388 shares of the information services provider's stock after selling 40,893 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.21% of Wix.com worth $24,972,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC grew its stake in shares of Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider's stock worth $43,000 after acquiring an additional 89 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Wix.com during the fourth quarter valued at about $43,000. Global Retirement Partners LLC grew its position in Wix.com by 36.0% during 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 period. SBI Securities Co. Ltd. bought a new position in Wix.com during the fourth quarter valued at about $52,000. Finally, Blue Trust Inc. grew its position in Wix.com by 28.3% during 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 during the period. Institutional investors own 81.52% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on WIX. Morgan Stanley reduced 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 report on Wednesday, April 16th. Oppenheimer reduced their price target on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Cantor Fitzgerald increased their price target on shares of Wix.com from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Citigroup reduced their price target on shares of Wix.com from $280.00 to $238.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Barclays increased their price target on shares of Wix.com from $236.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Wix.com has an average rating of "Moderate Buy" and an average target price of $237.74.
View Our Latest Report on WIX
Wix.com Trading Down 0.1%
Shares of Wix.com stock traded down $0.16 on Friday, reaching $182.75. The stock had a trading volume of 457,893 shares, compared to its average volume of 657,068. Wix.com Ltd. has a 1 year low of $137.94 and a 1 year high of $247.11. The company has a market cap of $10.25 billion, a P/E ratio of 77.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56. The business's 50 day moving average is $166.28 and its two-hundred day moving average is $196.74.
Wix.com announced that its Board of Directors has initiated a share repurchase program on Thursday, February 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information services provider to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Wix.com Company 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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
