Nomura Holdings Inc. Acquires 12,838 Shares of Wix.com Ltd. (NASDAQ:WIX)

Nomura Holdings Inc. grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 52.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,261 shares of the information services provider's stock after buying an additional 12,838 shares during the period. Nomura Holdings Inc. owned 0.07% of Wix.com worth $7,994,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WIX. Wellington Management Group LLP lifted its stake in shares of Wix.com by 518.3% during the fourth quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after purchasing an additional 1,266,202 shares in the last quarter. Durable Capital Partners LP bought a new position in shares of Wix.com during the fourth quarter valued at approximately $89,839,000. SG Americas Securities LLC boosted its position in shares of Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock worth $101,253,000 after buying an additional 400,265 shares during the period. Senvest Management LLC lifted its position in Wix.com by 27.3% in the fourth quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider's stock worth $305,260,000 after purchasing an additional 304,712 shares during the period. Finally, Norges Bank acquired a new stake in Wix.com in the fourth quarter worth approximately $63,829,000. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WIX. Oppenheimer cut their price objective on Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley dropped their price target on shares of Wix.com from $276.00 to $207.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Raymond James raised shares of Wix.com from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Barclays increased their target price on shares of Wix.com from $236.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, UBS Group set a $250.00 target price on shares of Wix.com in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.74.

Wix.com Price Performance

Shares of NASDAQ WIX traded down $0.16 during mid-day trading on Friday, hitting $182.75. The company had a trading volume of 457,893 shares, compared to its average volume of 657,068. The business's 50-day simple moving average is $166.28 and its 200-day simple moving average is $196.74. Wix.com Ltd. has a 12 month low of $137.94 and a 12 month high of $247.11. The firm has a market cap of $10.25 billion, a P/E ratio of 77.77, a PEG ratio of 2.83 and a beta of 1.56.

Wix.com declared that its Board of Directors has approved a share repurchase program on Thursday, February 27th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information services provider to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership 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.