Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,428 shares of the information services provider's stock after selling 4,196 shares during the quarter. Boothbay Fund Management LLC's holdings in Wix.com were worth $1,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WIX. Wellington Management Group LLP raised its position in Wix.com by 518.3% during the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider's stock worth $324,081,000 after buying an additional 1,266,202 shares during the last quarter. Senvest Management LLC raised its holdings in Wix.com by 27.3% during 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 in the last quarter. Renaissance Technologies LLC raised its holdings in Wix.com by 21.0% during the fourth quarter. Renaissance Technologies LLC now owns 937,549 shares of the information services provider's stock worth $201,151,000 after purchasing an additional 162,400 shares in the last quarter. Geode Capital Management LLC lifted its position in Wix.com by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 481,535 shares of the information services provider's stock valued at $102,926,000 after purchasing an additional 19,633 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock valued at $101,253,000 after purchasing an additional 400,265 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WIX shares. Bank of America raised their price target on Wix.com from $228.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $235.00 price target on shares of Wix.com in a research note on Wednesday, February 19th. Scotiabank began coverage on shares of Wix.com in a research note on Wednesday, March 5th. They issued a "sector outperform" rating and a $250.00 price objective for the company. Barclays upped 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, Cantor Fitzgerald increased their target price on shares of Wix.com from $260.00 to $270.00 and gave the company an "overweight" rating in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $236.68.

Wix.com Price Performance

Wix.com stock opened at $164.78 on Tuesday. The stock has a market capitalization of $9.25 billion, a P/E ratio of 70.12, a P/E/G ratio of 2.83 and a beta of 1.65. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11. The firm's 50-day moving average is $171.58 and its two-hundred day moving average is $196.36.

Wix.com declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 27th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is 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.

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