Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in Wix.com Ltd. (NASDAQ:WIX) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,534 shares of the information services provider’s stock after selling 143,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.22% of Wix.com worth $25,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in Wix.com in the 3rd quarter worth approximately $661,000. Dimensional Fund Advisors LP lifted its position in shares of Wix.com by 448.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock valued at $1,375,000 after buying an additional 7,070 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock valued at $5,081,000 after buying an additional 11,497 shares in the last quarter. Lakehouse Capital Pty Ltd lifted its position in shares of Wix.com by 26.2% during the 3rd quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider’s stock valued at $10,148,000 after buying an additional 12,600 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Wix.com during the 4th quarter valued at approximately $256,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Down 0.9 %

WIX stock opened at $222.78 on Friday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The business has a 50 day simple moving average of $226.10 and a 200-day simple moving average of $188.19. The company has a market capitalization of $12.21 billion, a P/E ratio of 139.24, a PEG ratio of 2.66 and a beta of 1.58.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WIX. 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 report on Wednesday, November 20th. B. Riley increased their target price on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised their price objective on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company assumed coverage on Wix.com in a report on Monday. They issued an “underweight” rating and a $208.00 price objective on the stock. Finally, Cantor Fitzgerald raised their price objective on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.61.

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.