GSA Capital Partners LLP Cuts Holdings in Wix.com Ltd. (NASDAQ:WIX)

GSA Capital Partners LLP lowered its holdings in Wix.com Ltd. (NASDAQ:WIX) by 77.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,852 shares of the information services provider’s stock after selling 6,504 shares during the quarter. GSA Capital Partners LLP’s holdings in Wix.com were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WIX. Blue Trust Inc. increased its holdings in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after buying an additional 98 shares during the last quarter. CWM LLC increased its stake in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares in the last quarter. Toronto Dominion Bank raised its holdings in Wix.com by 19.0% in 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 period. CIBC Asset Management Inc lifted its position in Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after purchasing an additional 136 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Wix.com by 4.7% during the second quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock valued at $520,000 after purchasing an additional 146 shares during the period. 81.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI raised Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. Barclays lifted their price target on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler increased their price objective on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada lifted their target price on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $210.44.

Wix.com Stock Down 0.9 %

Shares of NASDAQ:WIX opened at $217.20 on Friday. Wix.com Ltd. has a 52-week low of $95.65 and a 52-week high of $220.22. The stock’s fifty day simple moving average is $169.52 and its 200-day simple moving average is $162.14. The company has a market capitalization of $11.91 billion, a P/E ratio of 136.76, a P/E/G ratio of 3.91 and a beta of 1.47.

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.