Wix.com Ltd. (NASDAQ:WIX) Shares Acquired by Accurate Wealth Management LLC

Accurate Wealth Management LLC increased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 27.3% in the fourth quarter, HoldingsChannel reports. The firm owned 7,684 shares of the information services provider’s stock after acquiring an additional 1,649 shares during the quarter. Accurate Wealth Management LLC’s holdings in Wix.com were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Wix.com by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. raised its position in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 98 shares in the last quarter. CWM LLC lifted its holdings in 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 acquiring an additional 101 shares during the period. Toronto Dominion Bank boosted its position in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted 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 in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target on shares of Wix.com in a research note on Wednesday, November 20th. Piper Sandler lifted their target price on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Bank of America upped their price target on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird increased their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.82.

Wix.com Trading Up 5.2 %

Wix.com stock opened at $236.36 on Wednesday. The stock has a market cap of $12.96 billion, a P/E ratio of 147.73, a PEG ratio of 4.22 and a beta of 1.56. The company has a 50-day moving average price of $212.31 and a 200 day moving average price of $179.73. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $239.10.

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.