Wix.com (NASDAQ:WIX) Given New $260.00 Price Target at Jefferies Financial Group

Wix.com (NASDAQ:WIX) had its target price lifted by Jefferies Financial Group from $225.00 to $260.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other research firms have also commented on WIX. B. Riley boosted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price target on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Bank of America lifted their price objective on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.59.

Wix.com Stock Up 1.7 %

Shares of WIX stock opened at $224.49 on Monday. The business’s fifty day moving average is $206.30 and its 200 day moving average is $177.35. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 140.31, a PEG ratio of 4.22 and a beta of 1.56. Wix.com has a twelve month low of $117.58 and a twelve month high of $229.79.

Institutional Investors Weigh In On Wix.com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its holdings 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 in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Wix.com during the 3rd quarter valued at $661,000. Dimensional Fund Advisors LP lifted its stake in shares of Wix.com by 448.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock valued at $1,375,000 after buying an additional 7,070 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Wix.com by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after buying an additional 11,497 shares during the period. Finally, Lakehouse Capital Pty Ltd increased its stake in Wix.com by 26.2% in the 3rd quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider’s stock worth $10,148,000 after buying an additional 12,600 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Company 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.