Victory Capital Management Inc. Sells 110 Shares of Wix.com Ltd. (NASDAQ:WIX)

Victory Capital Management Inc. cut its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,250 shares of the information services provider’s stock after selling 110 shares during the period. Victory Capital Management Inc.’s holdings in Wix.com were worth $2,382,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares during the period. CWM LLC raised its holdings in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after acquiring an additional 488 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Wix.com during the 2nd quarter valued at about $259,000. 81.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WIX has been the subject of a number of research reports. Benchmark upped their price objective on Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. Piper Sandler raised their price objective on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Cantor Fitzgerald raised their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday. Three 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. Based on data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and an average price target of $210.44.

Wix.com Price Performance

NASDAQ WIX opened at $217.20 on Monday. The company has a market capitalization of $11.91 billion, a PE ratio of 135.75, a P/E/G ratio of 4.21 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $95.65 and a 1 year high of $220.22. The company has a fifty day moving average of $170.73 and a 200 day moving average of $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.