Nomura Asset Management Co. Ltd. Purchases 170 Shares of Wix.com Ltd. (NASDAQ:WIX)

Nomura Asset Management Co. Ltd. boosted its position in Wix.com Ltd. (NASDAQ:WIX) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,680 shares of the information services provider’s stock after acquiring an additional 170 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Wix.com were worth $2,454,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WIX. Blue Trust Inc. lifted its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. CWM LLC raised its holdings in Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WIX shares. Barclays lifted their price target on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. B. Riley upped their price target on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America raised their price objective on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada upped their target price on shares of Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Piper Sandler boosted their price target on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Price Performance

Shares of WIX opened at $219.61 on Friday. Wix.com Ltd. has a 1 year low of $110.75 and a 1 year high of $229.79. The stock’s fifty day moving average price is $188.09 and its two-hundred day moving average price is $170.74. The firm has a market cap of $12.04 billion, a PE ratio of 137.26, a PEG ratio of 4.22 and a beta of 1.55.

Wix.com 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.