Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in Wix.com Ltd. (NASDAQ:WIX) by 112.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 246 shares of the information services provider’s stock after buying an additional 130 shares during the period. Advisors Asset Management Inc.’s holdings in Wix.com were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dorsal Capital Management LP grew its position in Wix.com by 23.8% in the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after buying an additional 250,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Wix.com by 27.9% in the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after acquiring an additional 171,500 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Wix.com during the second quarter worth $13,646,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Wix.com by 23.1% during 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 during the last quarter. Finally, Lakehouse Capital Pty Ltd boosted its position in shares of Wix.com by 2,933.3% in the 2nd 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 period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $223.74 on Friday. Wix.com Ltd. has a 52 week low of $100.13 and a 52 week high of $224.33. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 139.84, a P/E/G ratio of 4.21 and a beta of 1.47. The business’s 50-day simple moving average is $176.92 and its 200-day simple moving average is $166.46.

Analyst Upgrades and Downgrades

A number of analysts have commented on WIX shares. Royal Bank of Canada upped their price objective on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. UBS Group boosted their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised their price objective on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their target price on shares of Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Finally, Bank of America raised their target price on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Four investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.71.

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.