Wix.com (NASDAQ:WIX) Price Target Raised to $255.00 at UBS Group

Wix.com (NASDAQ:WIX) had its price target boosted by UBS Group from $250.00 to $255.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

Other research analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Benchmark upped their price objective on shares of Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler upped their price objective on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Citigroup increased their price target on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird increased their price target on shares of Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.11.

Wix.com Trading Down 6.2 %

WIX stock opened at $203.65 on Thursday. The company’s 50 day moving average is $226.63 and its 200 day moving average is $192.98. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 127.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. Wix.com has a 1-year low of $117.58 and a 1-year high of $247.11.

Institutional Trading of Wix.com

A number of institutional investors have recently made changes to their positions in WIX. Wellington Management Group LLP boosted its stake in shares of Wix.com by 518.3% during the fourth quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider’s stock valued at $324,081,000 after purchasing an additional 1,266,202 shares during the period. Durable Capital Partners LP purchased a new stake in shares of Wix.com during the fourth quarter valued at approximately $89,839,000. SG Americas Securities LLC boosted its stake in shares of Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after purchasing an additional 400,265 shares during the period. Whale Rock Capital Management LLC lifted its stake in Wix.com by 55.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider’s stock worth $229,904,000 after acquiring an additional 380,800 shares during the period. Finally, Senvest Management LLC lifted its stake in Wix.com by 27.3% in the fourth quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider’s stock worth $305,260,000 after acquiring an additional 304,712 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

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.