Wix.com (NASDAQ:WIX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Wix.com (NASDAQ:WIX - Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other brokerages have also issued reports on WIX. B. Riley restated a "buy" rating and issued a $230.00 price objective (down from $240.00) on shares of Wix.com in a report on Wednesday, May 28th. Royal Bank Of Canada reduced their price objective on shares of Wix.com from $245.00 to $210.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Oppenheimer reduced their price objective on shares of Wix.com from $250.00 to $220.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Cfra Research lowered shares of Wix.com from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of Wix.com in a report on Wednesday, June 18th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $228.95.

Wix.com Trading Down 0.2%

WIX traded down $0.41 on Friday, hitting $164.17. The company had a trading volume of 495,341 shares, compared to its average volume of 689,514. The firm has a market cap of $9.21 billion, a P/E ratio of 65.41, a PEG ratio of 2.62 and a beta of 1.31. Wix.com has a 1 year low of $137.94 and a 1 year high of $247.11. The company's fifty day moving average price is $162.11 and its 200 day moving average price is $186.15.

Institutional Trading of Wix.com

A number of large investors have recently made changes to their positions in WIX. Bank of New York Mellon Corp increased its stake in shares of Wix.com by 9.7% during the fourth quarter. Bank of New York Mellon Corp now owns 124,622 shares of the information services provider's stock worth $26,738,000 after buying an additional 11,048 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Wix.com by 559.6% during the fourth quarter. Jones Financial Companies Lllp now owns 343 shares of the information services provider's stock worth $74,000 after buying an additional 291 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Wix.com during the fourth quarter worth approximately $52,000. Charles Schwab Investment Management Inc. increased its stake in shares of Wix.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,973 shares of the information services provider's stock worth $7,933,000 after buying an additional 612 shares during the period. Finally, Keybank National Association OH purchased a new stake in shares of Wix.com during the fourth quarter worth approximately $204,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

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.