Schonfeld Strategic Advisors LLC Has $4.29 Million Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Schonfeld Strategic Advisors LLC boosted its position in Wix.com Ltd. (NASDAQ:WIX - Free Report) by 36.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,990 shares of the information services provider's stock after purchasing an additional 5,350 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Wix.com were worth $4,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WIX. Tidal Investments LLC lifted its position in Wix.com by 3.4% in the 3rd quarter. Tidal Investments LLC now owns 34,646 shares of the information services provider's stock valued at $5,792,000 after acquiring an additional 1,127 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Wix.com by 8.9% in the third quarter. Franklin Resources Inc. now owns 47,143 shares of the information services provider's stock worth $7,673,000 after buying an additional 3,864 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Wix.com by 962.7% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider's stock valued at $116,000 after acquiring an additional 491 shares during the period. CWA Asset Management Group LLC bought a new stake in Wix.com during the fourth quarter worth about $1,042,000. Finally, Fulton Bank N.A. bought a new stake in Wix.com in the 4th quarter worth approximately $211,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WIX shares. Raymond James raised shares of Wix.com from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Cantor Fitzgerald raised their target price on Wix.com from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. StockNews.com upgraded shares of Wix.com from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price target on shares of Wix.com in a research report on Thursday, February 20th. Finally, Barclays raised their price objective on shares of Wix.com from $236.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Five equities research 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, Wix.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $237.74.

Wix.com Price Performance

Wix.com stock traded up $4.44 during mid-day trading on Thursday, reaching $170.89. The company had a trading volume of 165,536 shares, compared to its average volume of 656,915. The stock's 50-day simple moving average is $166.90 and its 200-day simple moving average is $195.86. The company has a market capitalization of $9.59 billion, a P/E ratio of 72.02, a P/E/G ratio of 2.83 and a beta of 1.56. Wix.com Ltd. has a 1 year low of $119.25 and a 1 year high of $247.11.

Wix.com declared that its board has initiated a stock buyback plan on Thursday, February 27th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information services provider to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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.