Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Increased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,034 shares of the information services provider's stock after purchasing an additional 15,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.47% of Wix.com worth $32,851,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WIX. HighMark Wealth Management LLC purchased a new position in shares of Wix.com during the 4th quarter valued at about $26,000. Quarry LP acquired a new stake in Wix.com during the second quarter worth about $29,000. UniSuper Management Pty Ltd purchased a new position in Wix.com during the second quarter valued at approximately $31,000. BluePath Capital Management LLC acquired a new position in Wix.com in the third quarter valued at approximately $37,000. Finally, Headlands Technologies LLC purchased a new stake in Wix.com in the 3rd quarter worth approximately $45,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WIX has been the subject of several recent research reports. B. Riley lifted their target price on shares of Wix.com from $120.00 to $141.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. StockNews.com raised shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday. Raymond James started coverage on Wix.com in a research note on Wednesday, March 27th. They issued an "outperform" rating and a $160.00 price target for the company. JMP Securities upped their target price on Wix.com from $130.00 to $150.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $150.00 price target on shares of Wix.com in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $144.29.

Wix.com Price Performance

Wix.com stock traded down $1.09 during trading on Wednesday, reaching $122.62. 292,765 shares of the company were exchanged, compared to its average volume of 558,358. The stock's 50 day simple moving average is $135.07 and its two-hundred day simple moving average is $115.69. The company has a market capitalization of $6.82 billion, a P/E ratio of 222.95, a PEG ratio of 4.27 and a beta of 1.33. Wix.com Ltd. has a 52-week low of $73.39 and a 52-week high of $146.21.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.98 by $0.24. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The business had revenue of $403.80 million for the quarter, compared to analyst estimates of $416.87 million. During the same quarter in the previous year, the firm earned ($0.42) EPS. The company's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts forecast that Wix.com Ltd. will post 1.16 earnings per share for the current year.

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.