Wix.com Ltd. (NASDAQ:WIX) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC lifted its stake in Wix.com Ltd. (NASDAQ:WIX) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,578 shares of the information services provider’s stock after acquiring an additional 1,598 shares during the period. Legato Capital Management LLC’s holdings in Wix.com were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in WIX. Senvest Management LLC lifted its stake in Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after purchasing an additional 50,482 shares during the last quarter. Whale Rock Capital Management LLC lifted its stake in Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after purchasing an additional 165,810 shares during the last quarter. SG Americas Securities LLC lifted its stake in Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after purchasing an additional 400,265 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wix.com by 3.2% during the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after purchasing an additional 14,340 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Wix.com by 23.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after purchasing an additional 49,500 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WIX has been the subject of several research analyst reports. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Bank of America upped their price target on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.61.

Wix.com Stock Up 1.4 %

NASDAQ:WIX opened at $227.41 on Wednesday. The firm 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. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11. The company’s 50-day moving average price is $226.18 and its two-hundred day moving average price 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.