RV Capital AG Sells 36,500 Shares of Wix.com Ltd. (NASDAQ:WIX)

RV Capital AG cut its holdings in Wix.com Ltd. (NASDAQ:WIX) by 9.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 359,780 shares of the information services provider’s stock after selling 36,500 shares during the period. Wix.com accounts for about 16.5% of RV Capital AG’s holdings, making the stock its 3rd biggest position. RV Capital AG’s holdings in Wix.com were worth $77,191,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com in the fourth quarter worth approximately $256,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Wix.com by 1,439.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,545 shares of the information services provider’s stock valued at $2,262,000 after purchasing an additional 9,860 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Wix.com by 79.5% during the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Wix.com by 558.5% during the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after buying an additional 400,265 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Wix.com by 113.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

WIX opened at $235.01 on Monday. The stock has a market capitalization of $12.88 billion, a PE ratio of 146.88, a P/E/G ratio of 2.62 and a beta of 1.56. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $246.82. The firm’s fifty day moving average price is $221.86 and its 200 day moving average price is $184.33.

Analyst Ratings Changes

Several brokerages have commented on WIX. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Piper Sandler increased their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley raised shares of Wix.com from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $248.00 to $276.00 in a research report on Monday, January 13th. Cantor Fitzgerald increased their price objective on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Citigroup raised their target price on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.06.

Wix.com Company 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.