Sivia Capital Partners LLC Takes $230,000 Position in Wix.com Ltd. (NASDAQ:WIX)

Sivia Capital Partners LLC bought a new stake in Wix.com Ltd. (NASDAQ:WIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,073 shares of the information services provider’s stock, valued at approximately $230,000.

A number of other large investors have also made changes to their positions in WIX. Blue Trust Inc. lifted its holdings in shares of Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after purchasing an additional 130 shares during the last quarter. GAMMA Investing LLC boosted its stake in Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock valued at $116,000 after buying an additional 491 shares during the last quarter. CWM LLC increased its position in Wix.com by 19.0% in 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 last quarter. Finally, Toronto Dominion Bank lifted its position in Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $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 Price Performance

NASDAQ:WIX traded up $7.59 during midday trading on Monday, hitting $226.21. The company’s stock had a trading volume of 924,850 shares, compared to its average volume of 593,222. The firm has a market cap of $12.40 billion, a P/E ratio of 141.38, a P/E/G ratio of 4.22 and a beta of 1.56. The firm’s 50 day moving average is $209.67 and its 200-day moving average is $178.72. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $229.79.

Wall Street Analyst Weigh In

WIX has been the subject of several recent research reports. Robert W. Baird lifted their price target on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Piper Sandler lifted their price objective on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. 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 research report on Thursday, November 21st. Finally, Barclays increased their price objective on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.82.

Wix.com 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.