1,198 Shares in Wix.com Ltd. (NASDAQ:WIX) Bought by Metis Global Partners LLC

Metis Global Partners LLC bought a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,198 shares of the information services provider’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares during the last quarter. CWM LLC boosted its holdings in Wix.com by 19.0% during 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 grew its position in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Wix.com by 2.9% in the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after purchasing an additional 136 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Wix.com by 4.7% in the second quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock worth $520,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Up 2.0 %

Shares of Wix.com stock opened at $183.95 on Wednesday. Wix.com Ltd. has a 12-month low of $95.39 and a 12-month high of $192.00. The stock has a market capitalization of $10.08 billion, a P/E ratio of 145.77, a price-to-earnings-growth ratio of 3.83 and a beta of 1.47. The company has a 50-day simple moving average of $166.46 and a 200 day simple moving average of $160.95.

Wall Street Analysts Forecast Growth

WIX has been the subject of several recent analyst reports. UBS Group increased their target price on Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Monday, October 7th. Barclays cut their target price on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Benchmark raised their price target on shares of Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.06.

Wix.com 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.