Natixis Advisors LLC Increases Stake in Wix.com Ltd. (NASDAQ:WIX)

Natixis Advisors LLC raised its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,414 shares of the information services provider’s stock after purchasing an additional 306 shares during the quarter. Natixis Advisors LLC’s holdings in Wix.com were worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dorsal Capital Management LP boosted its stake in Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after buying an additional 250,000 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after purchasing an additional 171,500 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Wix.com in the second quarter worth approximately $13,646,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in 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 valued at $44,055,000 after purchasing an additional 49,500 shares in the last quarter. Finally, Lakehouse Capital Pty Ltd lifted its position in Wix.com by 2,933.3% during the second quarter. Lakehouse Capital Pty Ltd now owns 48,108 shares of the information services provider’s stock valued at $7,653,000 after purchasing an additional 46,522 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of research analyst reports. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. B. Riley upped their price objective on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America increased their price objective on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays boosted their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $210.44.

Wix.com Stock Performance

WIX stock opened at $217.20 on Monday. Wix.com Ltd. has a fifty-two week low of $95.65 and a fifty-two week high of $220.22. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 135.75, a price-to-earnings-growth ratio of 4.21 and a beta of 1.47. The business’s 50 day moving average price is $170.73 and its two-hundred day moving average price is $163.10.

About Wix.com

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.