4,684 Shares in Wix.com Ltd. (NASDAQ:WIX) Bought by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,684 shares of the information services provider’s stock, valued at approximately $782,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased 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 valued at $31,000 after purchasing an additional 98 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares during the last quarter. CWM LLC increased its holdings in shares of Wix.com by 19.0% in the third 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 last quarter. Toronto Dominion Bank increased its holdings in shares of Wix.com by 19.0% in 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. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Wix.com in the second quarter valued at $259,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WIX has been the topic of several research reports. Barclays decreased their price objective on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. JMP Securities restated a “market outperform” rating and issued a $180.00 price target on shares of Wix.com in a research note on Thursday, July 25th. Needham & Company LLC restated a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research note on Wednesday, August 7th. KeyCorp assumed coverage on shares of Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating on the stock. Finally, UBS Group upped their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Stock Down 0.2 %

Shares of WIX stock opened at $184.01 on Friday. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 146.04, a price-to-earnings-growth ratio of 3.92 and a beta of 1.47. Wix.com Ltd. has a 52 week low of $92.25 and a 52 week high of $192.00. The firm has a 50 day moving average of $165.02 and a 200-day moving average of $159.37.

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.