J.P. Morgan Private Wealth Advisors LLC Sells 1,226 Shares of Wix.com Ltd. (NASDAQ:WIX)

J.P. Morgan Private Wealth Advisors LLC decreased its position in shares of Wix.com Ltd. (NASDAQ:WIXFree Report) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,083 shares of the information services provider’s stock after selling 1,226 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Wix.com were worth $1,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lido Advisors LLC bought a new stake in Wix.com during the second quarter valued at about $361,000. Boston Partners boosted its position in Wix.com by 83.8% during the third quarter. Boston Partners now owns 29,658 shares of the information services provider’s stock valued at $2,723,000 after purchasing an additional 13,518 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Wix.com by 20.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,388 shares of the information services provider’s stock worth $343,000 after acquiring an additional 744 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Wix.com by 239.7% in the third quarter. Assenagon Asset Management S.A. now owns 13,982 shares of the information services provider’s stock worth $1,284,000 after acquiring an additional 9,866 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Wix.com in the third quarter worth about $799,000. Institutional investors own 83.91% of the company’s stock.

Wix.com Stock Down 3.0 %

Shares of WIX stock opened at $129.33 on Tuesday. The stock has a 50 day simple moving average of $121.20 and a 200-day simple moving average of $101.48. Wix.com Ltd. has a 1-year low of $73.39 and a 1-year high of $134.21.

Analyst Ratings Changes

WIX has been the subject of several recent analyst reports. JMP Securities raised their price target on Wix.com from $130.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. UBS Group raised their price target on Wix.com from $120.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Wix.com in a report on Wednesday, November 8th. Bank of America reissued a “buy” rating and issued a $126.00 price target on shares of Wix.com in a report on Friday, December 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $130.00 price objective on shares of Wix.com in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.06.

Get Our Latest Analysis on WIX

Wix.com Profile

(Free Report)

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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