Nissay Asset Management Corp Japan ADV raised its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the information services provider’s stock after acquiring an additional 149 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Wix.Com were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Security National Trust Co. bought a new position in shares of Wix.Com in the first quarter worth $60,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Wix.Com by 42.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 271,427 shares of the information services provider’s stock worth $24,520,000 after purchasing an additional 80,891 shares during the period. Granite Investment Partners LLC bought a new position in shares of Wix.Com in the fourth quarter worth $953,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Wix.Com by 27.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,418 shares of the information services provider’s stock worth $1,303,000 after purchasing an additional 3,100 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of Wix.Com in the first quarter worth $361,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.
WIX opened at $136.49 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.17. Wix.Com Ltd has a 52 week low of $80.20 and a 52 week high of $143.82. The firm has a market capitalization of $6.77 billion, a P/E ratio of -310.20 and a beta of 1.70.
WIX has been the topic of several research analyst reports. ValuEngine raised shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Rosenblatt Securities cut shares of Wix.Com from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $75.00 to $73.00 in a report on Wednesday, February 20th. Raymond James cut shares of Wix.Com from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 20th. Royal Bank of Canada upped their price target on shares of Wix.Com to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 21st. Finally, KeyCorp upped their price target on shares of Wix.Com from $122.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $123.88.
Wix.Com Company Profile
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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