Noked Israel Ltd trimmed its stake in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 273,400 shares of the information services provider's stock after selling 40,820 shares during the quarter. Wix.com accounts for about 11.5% of Noked Israel Ltd's holdings, making the stock its 4th largest position. Noked Israel Ltd owned about 0.50% of Wix.com worth $58,658,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WIX. Franklin Resources Inc. raised its stake in shares of Wix.com by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 47,143 shares of the information services provider's stock valued at $7,673,000 after purchasing an additional 3,864 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Wix.com by 2.8% during the 4th 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 during the period. Accurate Wealth Management LLC raised its stake in shares of Wix.com by 27.3% during the 4th quarter. Accurate Wealth Management LLC now owns 7,684 shares of the information services provider's stock valued at $1,680,000 after purchasing an additional 1,649 shares during the period. Assenagon Asset Management S.A. grew its position in Wix.com by 94.7% during 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 buying an additional 12,807 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Wix.com by 10.2% during 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 buying an additional 504 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.
Wix.com Stock Down 0.1%
Shares of NASDAQ WIX traded down $0.16 during midday trading on Friday, reaching $182.75. The company had a trading volume of 457,893 shares, compared to its average volume of 658,511. Wix.com Ltd. has a one year low of $134.74 and a one year high of $247.11. The firm's fifty day moving average price is $166.28 and its 200-day moving average price is $196.54. The stock has a market cap of $10.25 billion, a PE ratio of 77.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56.
Wix.com announced that its board has authorized a share repurchase plan on Thursday, February 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes 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 management believes its stock is undervalued.
Analysts Set New Price Targets
Several research firms recently commented on WIX. Citigroup reduced their target price on Wix.com from $280.00 to $238.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company upgraded Wix.com from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $169.00 to $176.00 in a research report on Tuesday, April 8th. StockNews.com upgraded Wix.com from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. UBS Group set a $250.00 target price on Wix.com in a research report on Wednesday, March 5th. Finally, Raymond James upgraded Wix.com from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $237.74.
View Our Latest Research Report on WIX
About Wix.com
(
Free Report)
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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