Daiwa Securities Group Inc. grew its holdings in shares of Wix.Com Ltd (NASDAQ:WIX) by 536.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,450 shares of the information services provider’s stock after acquiring an additional 9,650 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Wix.Com were worth $1,337,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Captrust Financial Advisors purchased a new position in shares of Wix.Com in the second quarter worth $28,000. Coastal Investment Advisors Inc. purchased a new position in Wix.Com during the 3rd quarter valued at $32,000. Dupont Capital Management Corp purchased a new position in Wix.Com during the 3rd quarter valued at $47,000. Flinton Capital Management LLC increased its position in Wix.Com by 29.4% during the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 80 shares during the period. Finally, Riverhead Capital Management LLC increased its position in Wix.Com by 75.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 150 shares during the period. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
WIX has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Wix.Com to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Zacks Investment Research raised shares of Wix.Com from a “strong sell” rating to a “hold” rating and set a $122.00 price objective on the stock in a research report on Saturday, July 20th. Deutsche Bank boosted their price objective on shares of Wix.Com from $135.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Barclays reduced their price objective on shares of Wix.Com from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $168.00 price objective on shares of Wix.Com in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $138.39.
Shares of WIX stock opened at $127.28 on Tuesday. Wix.Com Ltd has a 12 month low of $80.20 and a 12 month high of $155.75. The stock has a market cap of $6.38 billion, a PE ratio of -289.27 and a beta of 1.51. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.02. The company’s fifty day moving average price is $121.83 and its 200-day moving average price is $135.97.
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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