Olympiad Research LP Boosts Stake in Wix.com Ltd. (NASDAQ:WIX)

Olympiad Research LP boosted its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 55.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,865 shares of the information services provider’s stock after buying an additional 668 shares during the period. Olympiad Research LP’s holdings in Wix.com were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted 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 worth $31,000 after buying an additional 98 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Wix.com during the fourth quarter worth $43,000. Avior Wealth Management LLC lifted its holdings in Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares during the period. Global Retirement Partners LLC lifted its holdings in Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after buying an additional 58 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Benchmark upped their price target on Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group upped their price target on Wix.com from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Wix.com in a research report on Wednesday. Finally, Morgan Stanley raised Wix.com from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $248.00 to $276.00 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.83.

Wix.com Price Performance

NASDAQ WIX opened at $198.11 on Friday. The stock’s fifty day moving average price is $226.20 and its 200 day moving average price is $193.56. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 84.30, a PEG ratio of 2.83 and a beta of 1.58. Wix.com Ltd. has a 1 year low of $117.58 and a 1 year high of $247.11.

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.