SG Americas Securities LLC Buys 400,265 Shares of Wix.com Ltd. (NASDAQ:WIX)

SG Americas Securities LLC grew its stake in Wix.com Ltd. (NASDAQ:WIX) by 558.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 471,933 shares of the information services provider’s stock after acquiring an additional 400,265 shares during the quarter. Wix.com accounts for 0.4% of SG Americas Securities LLC’s portfolio, making the stock its 27th biggest holding. SG Americas Securities LLC’s holdings in Wix.com were worth $101,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 139 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Wix.com during the fourth quarter valued at $321,000. Arkadios Wealth Advisors lifted its holdings in shares of Wix.com by 22.7% during the fourth quarter. Arkadios Wealth Advisors now owns 7,193 shares of the information services provider’s stock valued at $1,543,000 after purchasing an additional 1,332 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Wix.com by 10.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,435 shares of the information services provider’s stock valued at $1,166,000 after purchasing an additional 504 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Wix.com by 94.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 26,326 shares of the information services provider’s stock valued at $5,648,000 after purchasing an additional 12,807 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WIX shares. Jefferies Financial Group upped their price target on Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a report on Monday, January 6th. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Piper Sandler upped their price objective on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Bank of America upped their price objective on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Cantor Fitzgerald upped their price objective on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.06.

Wix.com Trading Down 1.3 %

NASDAQ:WIX opened at $235.00 on Thursday. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $246.82. The stock has a 50-day moving average price of $218.70 and a 200 day moving average price of $182.70. The stock has a market capitalization of $12.88 billion, a P/E ratio of 146.88, a P/E/G ratio of 2.66 and a beta of 1.56.

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.