Wix.com Ltd. (NASDAQ:WIX) Short Interest Up 29.2% in December

Wix.com Ltd. (NASDAQ:WIX) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,550,000 shares, a growth of 29.2% from the December 15th total of 1,200,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 541,200 shares, the days-to-cover ratio is presently 2.9 days.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup increased their price target on Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their target price on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. Benchmark upped their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Barclays increased their price objective on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.82.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Wix.com by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after acquiring an additional 63 shares during the period. Avior Wealth Management LLC lifted its position in Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 89 shares during the last quarter. Blue Trust Inc. boosted its stake in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares during the period. CWM LLC boosted its stake in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares during the period. Finally, Toronto Dominion Bank grew its position 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 last quarter. 81.52% of the stock is currently owned by institutional investors.

Wix.com Trading Down 0.3 %

NASDAQ:WIX opened at $240.89 on Friday. The firm has a market capitalization of $13.21 billion, a PE ratio of 150.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.56. Wix.com has a 52 week low of $117.58 and a 52 week high of $246.82. The stock has a 50 day moving average of $216.57 and a 200-day moving average of $181.17.

Wix.com Company 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.