Sumitomo Mitsui Trust Group Inc. Acquires 5,286 Shares of Wix.com Ltd. (NASDAQ:WIX)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,353 shares of the information services provider’s stock after purchasing an additional 5,286 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Wix.com worth $22,603,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the period. Avior Wealth Management LLC increased its stake in Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 89 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 130 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Wix.com by 113.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 139 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Wix.com by 962.7% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 491 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price objective 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. Royal Bank of Canada lifted 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. Barclays raised their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Citigroup raised their target price on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Benchmark raised their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $232.61.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $230.78 on Thursday. The firm has a market cap of $12.65 billion, a PE ratio of 144.24, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The firm’s fifty day moving average is $226.34 and its 200-day moving average is $190.13. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $247.11.

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.