Liontrust Investment Partners LLP Takes $3.71 Million Position in Wix.com Ltd. $WIX

Liontrust Investment Partners LLP purchased a new position in Wix.com Ltd. (NASDAQ:WIX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,400 shares of the information services provider’s stock, valued at approximately $3,708,000.

A number of other large investors have also recently added to or reduced their stakes in WIX. GC Wealth Management RIA LLC acquired a new stake in shares of Wix.com during the second quarter worth $417,000. Geode Capital Management LLC lifted its holdings in Wix.com by 2.5% in the second quarter. Geode Capital Management LLC now owns 491,958 shares of the information services provider’s stock worth $77,466,000 after acquiring an additional 12,210 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Wix.com by 34.8% during the second quarter. Schroder Investment Management Group now owns 228,028 shares of the information services provider’s stock valued at $36,133,000 after purchasing an additional 58,859 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Wix.com by 28.2% during the 2nd quarter. ARK Investment Management LLC now owns 10,290 shares of the information services provider’s stock worth $1,631,000 after purchasing an additional 2,266 shares during the period. Finally, Senvest Management LLC lifted its holdings in shares of Wix.com by 32.2% in the 2nd quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after purchasing an additional 496,770 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC lowered their price objective on Wix.com from $200.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. JMP Securities set a $185.00 price target on shares of Wix.com in a research report on Thursday, November 20th. Morgan Stanley cut their price objective on shares of Wix.com from $200.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Barclays decreased their target price on shares of Wix.com from $235.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Finally, Evercore ISI dropped their price target on shares of Wix.com from $250.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and an average price target of $180.05.

Wix.com Price Performance

NASDAQ WIX opened at $101.87 on Monday. Wix.com Ltd. has a 12 month low of $92.23 and a 12 month high of $247.11. The company has a market capitalization of $5.72 billion, a P/E ratio of 43.53, a PEG ratio of 2.01 and a beta of 1.42. The company’s 50 day simple moving average is $122.58 and its 200 day simple moving average is $141.55.

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.