Cigna Investments Inc. New Acquires Shares of 963 Wix.com Ltd. (NASDAQ:WIX)

Cigna Investments Inc. New bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 963 shares of the information services provider’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WIX. CWM LLC increased its position in shares of 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 last quarter. Creative Planning increased its position in shares of Wix.com by 15.8% during the 3rd quarter. Creative Planning now owns 9,310 shares of the information services provider’s stock valued at $1,556,000 after purchasing an additional 1,269 shares during the last quarter. Accurate Wealth Management LLC raised its stake in shares of Wix.com by 31.3% during the 3rd quarter. Accurate Wealth Management LLC now owns 6,035 shares of the information services provider’s stock worth $1,006,000 after purchasing an additional 1,438 shares during the period. Blue Trust Inc. boosted its holdings in shares of Wix.com by 98.0% in the 3rd 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. Finally, Toth Financial Advisory Corp bought a new position in Wix.com during the third quarter valued at about $661,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Up 1.4 %

Shares of NASDAQ:WIX opened at $227.41 on Wednesday. The business’s 50 day moving average is $226.18 and its 200 day moving average is $189.63. The stock has a market cap of $12.47 billion, a P/E ratio of 142.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11.

Analyst Ratings Changes

Several brokerages have weighed in on WIX. Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. B. Riley upped their price objective on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley upgraded shares of Wix.com from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $248.00 to $276.00 in a research report on Monday, January 13th. Finally, Benchmark boosted their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $232.61.

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.