Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 89.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 948 shares of the information services provider’s stock after selling 7,797 shares during the period. Fox Run Management L.L.C.’s holdings in Wix.com were worth $203,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WIX. Whale Rock Capital Management LLC boosted its holdings in shares of Wix.com by 31.6% in the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after buying an additional 165,810 shares in the last quarter. SG Americas Securities LLC lifted its position in Wix.com by 558.5% in the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after acquiring an additional 400,265 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Wix.com by 3.2% during the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after purchasing an additional 14,340 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Wix.com by 4.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 314,039 shares of the information services provider’s stock worth $67,377,000 after purchasing an additional 12,531 shares in the last quarter. Finally, Meitav Investment House Ltd. lifted its holdings in shares of Wix.com by 2.7% in the 4th quarter. Meitav Investment House Ltd. now owns 252,951 shares of the information services provider’s stock valued at $54,248,000 after purchasing an additional 6,713 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Trading Down 4.3 %

Shares of WIX opened at $166.36 on Friday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm has a market capitalization of $9.33 billion, a P/E ratio of 70.79, a PEG ratio of 2.83 and a beta of 1.64. The firm’s 50-day moving average is $204.99 and its two-hundred day moving average is $196.52.

Wix.com declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 27th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information services provider to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Cantor Fitzgerald lifted their price target on Wix.com from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Scotiabank began coverage on shares of Wix.com in a research report on Wednesday, March 5th. They issued a “sector outperform” rating and a $250.00 price target for the company. Citigroup raised their price objective on shares of Wix.com from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. StockNews.com raised shares of Wix.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Wix.com in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and an average target price of $243.74.

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.