Oppenheimer & Co. Inc. Invests $461,000 in Wix.com Ltd. (NASDAQ:WIX)

Oppenheimer & Co. Inc. purchased a new position in shares of Wix.com Ltd. (NASDAQ:WIX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,756 shares of the information services provider’s stock, valued at approximately $461,000.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares during the period. Industrial Alliance Investment Management Inc. grew its position in shares of Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares during the last quarter. CWM LLC increased its stake in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its holdings in Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Wix.com in the 2nd quarter valued at $259,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Performance

NASDAQ WIX opened at $218.82 on Friday. The stock has a 50 day moving average price of $168.22 and a 200-day moving average price of $161.75. Wix.com Ltd. has a one year low of $95.65 and a one year high of $220.22. The company has a market capitalization of $12.00 billion, a P/E ratio of 136.76, a P/E/G ratio of 3.91 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WIX. B. Riley boosted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler increased their price target on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group raised their price objective on Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. StockNews.com downgraded Wix.com from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, KeyCorp began coverage on Wix.com in a research report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.44.

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.