Numerai GP LLC Makes New $822,000 Investment in Wix.com Ltd. (NASDAQ:WIX)

Numerai GP LLC acquired a new stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,833 shares of the information services provider's stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WIX. Wealth Enhancement Advisory Services LLC raised its stake in shares of Wix.com by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider's stock valued at $502,000 after purchasing an additional 63 shares in the last quarter. Accurate Wealth Management LLC raised its position in Wix.com by 27.3% in the fourth quarter. Accurate Wealth Management LLC now owns 7,684 shares of the information services provider's stock worth $1,680,000 after acquiring an additional 1,649 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Wix.com by 94.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 26,326 shares of the information services provider's stock worth $5,648,000 after acquiring an additional 12,807 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Wix.com by 10.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,435 shares of the information services provider's stock worth $1,166,000 after acquiring an additional 504 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in Wix.com by 22.7% in the fourth quarter. Arkadios Wealth Advisors now owns 7,193 shares of the information services provider's stock worth $1,543,000 after acquiring an additional 1,332 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on WIX. Scotiabank began coverage on shares of Wix.com in a research report on Wednesday, March 5th. They issued a "sector outperform" rating and a $250.00 price target on the stock. Raymond James upgraded shares of Wix.com from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Oppenheimer dropped their price target on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Barclays boosted their price target 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, Cantor Fitzgerald boosted their price target on shares of Wix.com from $260.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.74.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $0.16 during trading hours on Friday, hitting $182.75. The stock had a trading volume of 457,893 shares, compared to its average volume of 657,068. The company has a market capitalization of $10.25 billion, a P/E ratio of 77.77, a P/E/G ratio of 2.83 and a beta of 1.56. The firm's 50-day moving average price is $166.28 and its two-hundred day moving average price is $196.74. Wix.com Ltd. has a 52 week low of $137.94 and a 52 week high of $247.11.

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