Van ECK Associates Corp Has $3.64 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Van ECK Associates Corp grew its holdings in Wix.com Ltd. (NASDAQ:WIX) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,946 shares of the information services provider’s stock after purchasing an additional 107 shares during the quarter. Van ECK Associates Corp’s holdings in Wix.com were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Senvest Management LLC boosted its stake in Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock worth $186,910,000 after acquiring an additional 50,482 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings 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 purchasing an additional 165,810 shares during the period. SG Americas Securities LLC boosted its position in shares of 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 worth $101,253,000 after purchasing an additional 400,265 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Wix.com by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after buying an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Wix.com by 23.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after buying an additional 49,500 shares in the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Trading Down 4.7 %

Shares of WIX opened at $217.00 on Thursday. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 135.63, a PEG ratio of 2.49 and a beta of 1.58. The stock has a 50 day moving average of $227.05 and a 200 day moving average of $192.90. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WIX shares. Robert W. Baird increased their price target on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Jefferies Financial Group increased their target price on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley upgraded shares of Wix.com from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $248.00 to $276.00 in a research note on Monday, January 13th. Bank of America raised their price objective on shares of Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, B. Riley boosted their target price on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and an average price target of $239.33.

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.