State Street Corp raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,193 shares of the information services provider’s stock after acquiring an additional 18,260 shares during the period. State Street Corp owned approximately 0.33% of Wix.com worth $10,453,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of WIX. BT Investment Management Ltd purchased a new position in shares of Wix.com during the 2nd quarter worth approximately $141,000. Advisor Group Inc. raised its stake in shares of Wix.com by 196.5% during the 2nd quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock worth $207,000 after buying an additional 1,965 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in shares of Wix.com during the 2nd quarter worth approximately $207,000. Legal & General Group Plc raised its stake in shares of Wix.com by 500.0% during the 1st quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock worth $245,000 after buying an additional 3,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Wix.com by 3.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the information services provider’s stock worth $374,000 after buying an additional 181 shares in the last quarter. 75.41% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on WIX. Royal Bank Of Canada reissued a “sector perform” rating and set a $78.00 target price (down from $80.00) on shares of Wix.com in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded Wix.com from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. BidaskClub downgraded Wix.com from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Barclays PLC dropped their price objective on Wix.com from $77.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, November 9th. Finally, Oppenheimer Holdings, Inc. dropped their price objective on Wix.com from $88.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.79.
Shares of Wix.com Ltd. (NASDAQ WIX) opened at $54.85 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. Wix.com Ltd. has a fifty-two week low of $42.80 and a fifty-two week high of $86.15.
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Wix.com Company Profile
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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