Sumitomo Mitsui DS Asset Management Company Ltd Buys 459 Shares of Wix.com Ltd. (NASDAQ:WIX)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,468 shares of the information services provider’s stock after purchasing an additional 459 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Wix.com were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WIX. Blue Trust Inc. raised its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Avior Wealth Management LLC raised its stake in Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after buying an additional 130 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Wix.com by 113.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 139 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Wix.com by 962.7% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 491 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WIX shares. Morgan Stanley upgraded shares of Wix.com from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $248.00 to $276.00 in a report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Wells Fargo & Company began coverage on Wix.com in a research report on Monday, February 3rd. They set an “underweight” rating and a $208.00 price target on the stock. Finally, Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.61.

Wix.com Price Performance

NASDAQ:WIX opened at $227.41 on Wednesday. The company’s fifty day moving average price is $226.18 and its 200-day moving average price is $189.63. Wix.com Ltd. has a 1-year low of $117.58 and a 1-year high of $247.11. The firm has a market capitalization of $12.47 billion, a P/E ratio of 142.13, a PEG ratio of 2.48 and a beta of 1.58.

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.