Wix.com Ltd. $WIX is Analyst IMS Investment Management Services Ltd.’s 6th Largest Position

Analyst IMS Investment Management Services Ltd. raised its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 18.8% during the 3rd quarter, Holdings Channel reports. The firm owned 451,914 shares of the information services provider’s stock after buying an additional 71,420 shares during the quarter. Wix.com comprises 2.5% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 6th largest holding. Analyst IMS Investment Management Services Ltd.’s holdings in Wix.com were worth $80,274,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lone Pine Capital LLC acquired a new position in Wix.com in the 2nd quarter worth approximately $342,485,000. Acadian Asset Management LLC boosted its holdings in shares of Wix.com by 0.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,119,805 shares of the information services provider’s stock valued at $335,852,000 after acquiring an additional 7,729 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of Wix.com by 32.2% in the 2nd quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock valued at $323,403,000 after acquiring an additional 496,770 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Wix.com by 879.0% in the second quarter. Ameriprise Financial Inc. now owns 2,031,591 shares of the information services provider’s stock worth $321,926,000 after acquiring an additional 1,824,070 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Wix.com by 27.4% during the second quarter. Lazard Asset Management LLC now owns 1,542,153 shares of the information services provider’s stock worth $244,368,000 after purchasing an additional 331,283 shares during the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $104.89 on Tuesday. Wix.com Ltd. has a 1 year low of $92.23 and a 1 year high of $247.11. The firm has a market capitalization of $5.89 billion, a PE ratio of 44.82, a P/E/G ratio of 2.08 and a beta of 1.42. The business’s 50 day moving average price is $115.42 and its 200-day moving average price is $137.77.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays cut their price target on Wix.com from $235.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Morgan Stanley dropped their target price on Wix.com from $200.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. JMP Securities set a $185.00 price target on Wix.com in a research report on Thursday, November 20th. Needham & Company LLC decreased their price target on Wix.com from $200.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Wix.com in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.67.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.