Newbridge Financial Services Group Inc. Takes $43,000 Position in Wix.com Ltd. (NASDAQ:WIX)

Newbridge Financial Services Group Inc. purchased a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 200 shares of the information services provider’s stock, valued at approximately $43,000.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its stake in Wix.com by 98.0% during 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. Avior Wealth Management LLC raised its stake in Wix.com by 79.5% during the fourth 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. Advisors Asset Management Inc. raised its stake in Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after buying an additional 130 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after buying an additional 139 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock worth $116,000 after buying an additional 491 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WIX shares. Citigroup lifted their target price on shares of Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Wix.com in a research note on Wednesday, November 20th. 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 note on Monday, January 13th. Royal Bank of Canada lifted their price target on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Benchmark lifted their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.61.

Wix.com Stock Performance

Wix.com stock opened at $227.41 on Wednesday. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The stock has a market cap of $12.47 billion, a PE ratio of 142.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The firm’s 50-day simple moving average is $226.18 and its 200 day simple moving average is $189.63.

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.