State of New Jersey Common Pension Fund D Raises Stake in Wix.com Ltd. (NASDAQ:WIX)

State of New Jersey Common Pension Fund D boosted its holdings in Wix.com Ltd. (NASDAQ:WIX) by 7.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,305 shares of the information services provider’s stock after purchasing an additional 1,600 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Wix.com were worth $3,729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after acquiring an additional 49,500 shares during the last quarter. M&G PLC grew its position in Wix.com by 2.9% during the 3rd quarter. M&G PLC now owns 67,310 shares of the information services provider’s stock valued at $11,241,000 after purchasing an additional 1,923 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Wix.com by 13.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 116,616 shares of the information services provider’s stock valued at $19,495,000 after purchasing an additional 13,891 shares during the last quarter. Van ECK Associates Corp increased its stake in Wix.com by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 16,839 shares of the information services provider’s stock valued at $2,764,000 after purchasing an additional 261 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Wix.com by 97.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,702 shares of the information services provider’s stock worth $1,455,000 after acquiring an additional 4,288 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of WIX opened at $188.94 on Wednesday. Wix.com Ltd. has a 1 year low of $86.22 and a 1 year high of $192.00. The company has a 50 day simple moving average of $163.86 and a two-hundred day simple moving average of $158.71. The firm has a market cap of $10.36 billion, a P/E ratio of 149.95, a price-to-earnings-growth ratio of 3.67 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several brokerages have commented on WIX. Needham & Company LLC reiterated a “buy” rating and set a $190.00 target price on shares of Wix.com in a research note on Wednesday, August 7th. Piper Sandler upgraded shares of Wix.com from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $184.00 to $200.00 in a research note on Monday, September 23rd. Barclays dropped their price target on Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. KeyCorp began coverage on Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Finally, StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

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.