Whittier Trust Co. lifted its holdings in Wix.com Ltd. (NASDAQ:WIX – Get Rating) by 34.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,480 shares of the information services provider's stock after purchasing an additional 381 shares during the quarter. Whittier Trust Co.'s holdings in Wix.com were worth $114,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of WIX. Baillie Gifford & Co. raised its stake in shares of Wix.com by 0.5% in the 3rd quarter. Baillie Gifford & Co. now owns 8,133,640 shares of the information services provider's stock worth $636,295,000 after buying an additional 41,723 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Wix.com by 0.9% in the 1st quarter. Clearbridge Investments LLC now owns 846,565 shares of the information services provider's stock worth $88,432,000 after purchasing an additional 7,472 shares in the last quarter. First Trust Advisors LP lifted its stake in Wix.com by 22,397.5% during the first quarter. First Trust Advisors LP now owns 690,449 shares of the information services provider's stock valued at $72,124,000 after purchasing an additional 687,380 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Wix.com by 14.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 528,460 shares of the information services provider's stock worth $41,341,000 after buying an additional 65,775 shares in the last quarter. Finally, Invesco Ltd. grew its position in Wix.com by 0.8% in the first quarter. Invesco Ltd. now owns 458,842 shares of the information services provider's stock worth $47,930,000 after buying an additional 3,735 shares during the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.
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Several equities research analysts have recently weighed in on WIX shares. Needham & Company LLC raised their price objective on Wix.com from $100.00 to $125.00 in a research note on Thursday, February 23rd. Barclays lifted their price target on Wix.com from $78.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 23rd. Royal Bank of Canada upped their price target on shares of Wix.com from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Thursday, February 23rd. Piper Sandler upgraded Wix.com from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $99.00 to $120.00 in a research report on Tuesday, March 21st. Finally, Morgan Stanley upped their price target on shares of Wix.com from $94.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 23rd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Wix.com has a consensus rating of "Moderate Buy" and an average target price of $107.00.
Wix.com Price Performance
NASDAQ WIX opened at $93.40 on Friday. The stock has a 50-day simple moving average of $90.88 and a 200 day simple moving average of $84.16. Wix.com Ltd. has a twelve month low of $53.12 and a twelve month high of $101.64.
Wix.com Company Profile
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Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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