Assenagon Asset Management S.A. Increases Position in Wix.com Ltd. (NASDAQ:WIX)

Assenagon Asset Management S.A. lifted its holdings in Wix.com Ltd. (NASDAQ:WIX) by 94.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,326 shares of the information services provider’s stock after buying an additional 12,807 shares during the period. Assenagon Asset Management S.A.’s holdings in Wix.com were worth $5,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WIX. Dimensional Fund Advisors LP lifted its stake in Wix.com by 448.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock valued at $1,375,000 after purchasing an additional 7,070 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Wix.com in the second quarter valued at approximately $259,000. Mount Yale Investment Advisors LLC purchased a new position in Wix.com in the second quarter valued at approximately $716,000. Public Sector Pension Investment Board lifted its stake in Wix.com by 3.6% in the second quarter. Public Sector Pension Investment Board now owns 22,215 shares of the information services provider’s stock valued at $3,534,000 after purchasing an additional 781 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Wix.com by 11.0% during the 2nd quarter. Bank of Montreal Can now owns 23,577 shares of the information services provider’s stock valued at $3,757,000 after acquiring an additional 2,330 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Down 0.3 %

NASDAQ WIX opened at $240.89 on Tuesday. The firm has a market cap of $13.21 billion, a PE ratio of 150.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.56. The company has a 50 day moving average price of $217.71 and a 200 day moving average price of $182.11. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $246.82.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WIX shares. Bank of America boosted their target price on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. B. Riley boosted their target price on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a report on Monday, January 6th. Benchmark boosted their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.82.

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.