Meitav Investment House Ltd. Has $54.25 Million Position in Wix.com Ltd. (NASDAQ:WIX)

Meitav Investment House Ltd. raised its position in Wix.com Ltd. (NASDAQ:WIX) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 252,951 shares of the information services provider’s stock after buying an additional 6,713 shares during the period. Meitav Investment House Ltd. owned about 0.46% of Wix.com worth $54,248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in WIX. CWM LLC grew its position in shares of Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares during the period. Creative Planning raised its position in shares of Wix.com by 15.8% during the 3rd quarter. Creative Planning now owns 9,310 shares of the information services provider’s stock valued at $1,556,000 after acquiring an additional 1,269 shares during the last quarter. Blue Trust Inc. raised its position in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 98 shares during the last quarter. Signaturefd LLC boosted its position in shares of Wix.com by 5.3% in the 3rd quarter. Signaturefd LLC now owns 3,442 shares of the information services provider’s stock worth $575,000 after purchasing an additional 173 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Wix.com by 72.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,931 shares of the information services provider’s stock worth $824,000 after purchasing an additional 2,075 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Down 4.7 %

NASDAQ:WIX opened at $217.00 on Thursday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 135.63, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. The stock’s 50 day moving average price is $227.05 and its two-hundred day moving average price is $192.90.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WIX. Piper Sandler raised their target price on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada boosted their price objective on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Citigroup lifted their price target on shares of Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. Finally, Jefferies Financial Group raised their price objective on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.33.

About Wix.com

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.