610 Shares in Wix.com Ltd. (NASDAQ:WIX) Acquired by R Squared Ltd

R Squared Ltd bought a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 610 shares of the information services provider’s stock, valued at approximately $131,000.

A number of other institutional investors also recently added to or reduced their stakes in WIX. Dimensional Fund Advisors LP lifted its holdings in Wix.com by 448.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock worth $1,375,000 after purchasing an additional 7,070 shares during the period. Bank of Montreal Can lifted its stake in shares of Wix.com by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 23,577 shares of the information services provider’s stock worth $3,757,000 after acquiring an additional 2,330 shares during the period. Marshall Wace LLP bought a new position in shares of Wix.com in the second quarter valued at approximately $325,000. Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares during the period. Finally, MBB Public Markets I LLC raised its holdings in Wix.com by 123.7% during the second quarter. MBB Public Markets I LLC now owns 3,749 shares of the information services provider’s stock worth $596,000 after purchasing an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of WIX stock opened at $242.14 on Thursday. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The stock’s 50-day moving average is $224.84 and its two-hundred day moving average is $185.79. The firm has a market cap of $13.27 billion, a P/E ratio of 151.34, a PEG ratio of 2.62 and a beta of 1.56.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WIX shares. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Citigroup boosted their price target on shares of Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. B. Riley lifted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Piper Sandler raised their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald upped their price target on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $234.06.

About Wix.com

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.