Wix.com Ltd. (NASDAQ:WIX) Stock Position Decreased by Castleark Management LLC

Castleark Management LLC trimmed its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,300 shares of the information services provider’s stock after selling 1,660 shares during the period. Castleark Management LLC owned about 0.08% of Wix.com worth $7,573,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Dorsal Capital Management LP increased its holdings in shares of Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after purchasing an additional 250,000 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Wix.com by 2.9% during the 2nd quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after acquiring an additional 33,338 shares in the last quarter. Senvest Management LLC increased its stake in shares of Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock worth $186,910,000 after acquiring an additional 50,482 shares during the last quarter. Renaissance Technologies LLC boosted its position in Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock valued at $124,973,000 after purchasing an additional 171,500 shares during the last quarter. Finally, Whale Rock Capital Management LLC raised its stake in shares of Wix.com by 31.6% during the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after purchasing an additional 165,810 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WIX has been the topic of a number of recent analyst reports. B. Riley raised their price objective on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark boosted their target price on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald upped their price target on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada upped their price target on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $219.68 on Friday. Wix.com Ltd. has a 52 week low of $101.72 and a 52 week high of $229.79. The stock’s fifty day moving average is $182.37 and its 200 day moving average is $169.02. The stock has a market capitalization of $12.04 billion, a P/E ratio of 137.30, a PEG ratio of 4.41 and a beta of 1.55.

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.