Wix.com Target of Unusually Large Options Trading (NASDAQ:WIX)

Wix.com Ltd. (NASDAQ:WIX - Get Free Report) was the target of some unusual options trading on Monday. Investors acquired 2,577 put options on the stock. This represents an increase of approximately 121% compared to the average daily volume of 1,165 put options.

Institutional Investors Weigh In On Wix.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock worth $47,000 after purchasing an additional 58 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Wix.com by 9.7% in 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 acquiring an additional 11,048 shares during the period. New York Life Investment Management LLC acquired a new position in Wix.com in the fourth quarter valued at $269,000. Proficio Capital Partners LLC acquired a new stake in Wix.com during the fourth quarter worth approximately $11,508,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Wix.com during the 4th quarter valued at $8,229,000. Institutional investors and hedge funds own 81.52% of the company's stock.

Wix.com Trading Up 2.1%

Shares of NASDAQ:WIX traded up $3.29 during trading on Tuesday, reaching $161.75. 234,573 shares of the stock were exchanged, compared to its average volume of 686,242. The stock has a 50-day moving average price of $161.93 and a 200-day moving average price of $187.23. The firm has a market cap of $9.08 billion, a PE ratio of 64.43, a PEG ratio of 2.52 and a beta of 1.31. Wix.com has a 12 month low of $137.94 and a 12 month high of $247.11.

Analyst Ratings Changes

Several brokerages have issued reports on WIX. Citigroup cut their target price on shares of Wix.com from $280.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Oppenheimer cut their price target on Wix.com from $250.00 to $220.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut Wix.com from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Scotiabank assumed 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 objective for the company. Finally, UBS Group decreased their price objective on shares of Wix.com from $255.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Wix.com currently has a consensus rating of "Buy" and an average price target of $228.95.

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.