Wix.com Ltd. (NASDAQ:WIX) Position Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 33.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,748 shares of the information services provider’s stock after selling 868 shares during the quarter. Yousif Capital Management LLC’s holdings in Wix.com were worth $375,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in Wix.com by 558.5% during the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after acquiring an additional 400,265 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Wix.com by 545.7% in the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock valued at $39,864,000 after acquiring an additional 201,532 shares in the last quarter. Whale Rock Capital Management LLC increased its stake in shares of Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after acquiring an additional 165,810 shares during the period. Polar Asset Management Partners Inc. increased its stake in shares of Wix.com by 192.9% during the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock valued at $16,466,000 after acquiring an additional 64,869 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Wix.com during the third quarter worth approximately $10,523,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Wix.com in a research report on Monday, February 3rd. They set an “underweight” rating and a $208.00 price target on the stock. Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. Citigroup lifted their price objective on shares of Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Jefferies Financial Group increased their target price on shares of Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $232.61.

Wix.com Stock Performance

NASDAQ:WIX opened at $223.70 on Tuesday. The company has a market capitalization of $12.26 billion, a P/E ratio of 139.81, a P/E/G ratio of 2.48 and a beta of 1.58. The stock’s 50 day moving average price is $226.72 and its 200 day moving average price is $192.17. 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.