Rice Hall James & Associates LLC grew its position in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 250,084 shares of the information services provider’s stock after acquiring an additional 48,098 shares during the quarter. Wix.com comprises approximately 1.4% of Rice Hall James & Associates LLC’s holdings, making the stock its 20th largest holding. Rice Hall James & Associates LLC owned 0.45% of Wix.com worth $25,981,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Wix.com during the 4th quarter valued at approximately $27,000. National Bank of Canada FI bought a new position in shares of Wix.com during the 3rd quarter valued at approximately $54,000. Finally, MAI Capital Management boosted its position in shares of Wix.com by 109.1% during the 3rd quarter. MAI Capital Management now owns 366 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 191 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.
Wix.com Trading Down 0.7%
NASDAQ:WIX opened at $45.59 on Tuesday. Wix.com Ltd. has a twelve month low of $42.66 and a twelve month high of $190.93. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -58.45 and a beta of 0.92. The stock has a fifty day simple moving average of $64.08 and a 200-day simple moving average of $80.16.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on WIX shares. Raymond James Financial restated a “strong-buy” rating and issued a $100.00 price target on shares of Wix.com in a research report on Wednesday, March 4th. Jefferies Financial Group lowered their price target on Wix.com from $200.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. UBS Group lowered their price target on Wix.com from $68.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Morgan Stanley lowered their price target on Wix.com from $125.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $97.95.
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.
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