Bamco Inc. NY Sells 29,627 Shares of Wix.com Ltd. (NASDAQ:WIX)

Bamco Inc. NY decreased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,842 shares of the information services provider’s stock after selling 29,627 shares during the quarter. Bamco Inc. NY owned approximately 0.35% of Wix.com worth $31,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WIX. Price T Rowe Associates Inc. MD increased its position in Wix.com by 19.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,401 shares of the information services provider’s stock valued at $1,431,000 after purchasing an additional 1,696 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Wix.com by 8.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,893 shares of the information services provider’s stock valued at $395,000 after buying an additional 215 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Wix.com by 311.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,414 shares of the information services provider’s stock worth $702,000 after acquiring an additional 3,341 shares in the last quarter. M&G Plc lifted its stake in shares of Wix.com by 12.4% in the 2nd quarter. M&G Plc now owns 65,387 shares of the information services provider’s stock valued at $10,397,000 after purchasing an additional 7,231 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Wix.com by 45.5% during the 2nd quarter. Raymond James & Associates now owns 38,078 shares of the information services provider’s stock valued at $6,057,000 after purchasing an additional 11,913 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WIX. JPMorgan Chase & Co. boosted their price target on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. B. Riley lifted their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Bank of America raised their target price on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. UBS Group upped their price target on Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada raised their price objective on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.71.

Wix.com Stock Performance

WIX stock opened at $220.51 on Tuesday. Wix.com Ltd. has a fifty-two week low of $101.72 and a fifty-two week high of $225.80. The stock has a fifty day moving average of $178.05 and a 200-day moving average of $167.27. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 137.82, a PEG ratio of 4.30 and a beta of 1.55.

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.