Rice Hall James & Associates LLC boosted its position in Wix.com Ltd. (NASDAQ:WIX – Free Report) by 18.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,787 shares of the information services provider’s stock after acquiring an additional 46,703 shares during the quarter. Wix.com accounts for 1.5% of Rice Hall James & Associates LLC’s holdings, making the stock its 17th largest holding. Rice Hall James & Associates LLC’s holdings in Wix.com were worth $26,732,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in WIX. Farther Finance Advisors LLC lifted its stake in Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after purchasing an additional 132 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com in the 4th quarter valued at $27,000. Geneos Wealth Management Inc. increased its stake in shares of Wix.com by 632.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Employees Retirement System of Texas increased its stake in shares of Wix.com by 129.9% in the 4th quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 252 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Wix.com by 464.8% during the 4th quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock worth $52,000 after buying an additional 409 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Wix.com Stock Up 5.3%
NASDAQ WIX opened at $51.41 on Friday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -65.91 and a beta of 0.93. Wix.com Ltd. has a twelve month low of $40.16 and a twelve month high of $190.93. The business’s fifty day moving average is $49.74 and its 200 day moving average is $69.30.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. UBS Group dropped their price objective 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. Barclays lowered their target price on Wix.com from $155.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Benchmark reissued a “buy” rating on shares of Wix.com in a report on Tuesday, June 9th. JPMorgan Chase & Co. reduced their price target on shares of Wix.com from $86.00 to $62.00 and set an “underweight” rating on the stock in a research note on Thursday, June 18th. Finally, Bank of America decreased their price target on shares of Wix.com from $136.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.10.
View Our Latest Stock Analysis on WIX
Wix.com Profile
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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