Arkadios Wealth Advisors Purchases 1,332 Shares of Wix.com Ltd. (NASDAQ:WIX)

Arkadios Wealth Advisors lifted its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 22.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,193 shares of the information services provider’s stock after buying an additional 1,332 shares during the quarter. Arkadios Wealth Advisors’ holdings in Wix.com were worth $1,543,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WIX. Dorsal Capital Management LP raised its stake in Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after purchasing an additional 250,000 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after buying an additional 33,338 shares in the last quarter. Senvest Management LLC boosted its stake in shares of Wix.com by 4.7% in 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 buying an additional 50,482 shares during the period. Whale Rock Capital Management LLC grew its position 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 worth $115,475,000 after buying an additional 165,810 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Wix.com by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after acquiring an additional 14,340 shares during the period. Institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WIX. Bank of America increased their target price on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Piper Sandler raised their target price on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Barclays upped their price target on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Citigroup upped their target price on Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $225.82.

Wix.com Stock Down 0.3 %

NASDAQ WIX opened at $240.89 on Monday. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 150.56, a PEG ratio of 2.53 and a beta of 1.56. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $246.82. The stock has a fifty day simple moving average of $216.57 and a 200 day simple moving average of $181.51.

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.