Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 258 shares of the information services provider’s stock after buying an additional 60 shares during the quarter. Blue Trust Inc.’s holdings in Wix.com were worth $55,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WIX. Creative Planning boosted its holdings in shares of Wix.com by 15.8% during the third quarter. Creative Planning now owns 9,310 shares of the information services provider’s stock valued at $1,556,000 after acquiring an additional 1,269 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Wix.com by 13.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 13,519 shares of the information services provider’s stock valued at $2,260,000 after purchasing an additional 1,584 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Wix.com by 7.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,275 shares of the information services provider’s stock worth $380,000 after buying an additional 165 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Wix.com by 35.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,024 shares of the information services provider’s stock worth $338,000 after acquiring an additional 529 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Wix.com by 2.1% during the third quarter. US Bancorp DE now owns 10,848 shares of the information services provider’s stock worth $1,813,000 after purchasing an additional 220 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

WIX opened at $199.21 on Wednesday. The stock has a 50-day moving average of $225.92 and a 200-day moving average of $194.10. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The company has a market cap of $10.92 billion, a PE ratio of 84.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.58.

Analysts Set New Price Targets

A number of research firms recently weighed in on WIX. JPMorgan Chase & Co. decreased their price target on Wix.com from $205.00 to $189.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. B. Riley raised their target price on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays boosted their price target on shares of Wix.com from $236.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Bank of America raised their price objective on shares of Wix.com from $228.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $235.00 price target on shares of Wix.com in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.83.

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.