1,726 Shares in Wix.com Ltd. (NASDAQ:WIX) Acquired by MQS Management LLC

MQS Management LLC bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,726 shares of the information services provider’s stock, valued at approximately $289,000.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after buying an additional 98 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its stake in Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares during the period. CWM LLC raised its stake in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Wix.com in the second quarter worth $259,000. Institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of WIX opened at $184.01 on Friday. Wix.com Ltd. has a one year low of $92.25 and a one year high of $192.00. The company’s fifty day moving average price is $165.02 and its 200 day moving average price is $159.37. The company has a market capitalization of $10.09 billion, a PE ratio of 146.04, a price-to-earnings-growth ratio of 3.92 and a beta of 1.47.

Analyst Ratings Changes

Several brokerages recently issued reports on WIX. Piper Sandler raised Wix.com from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $184.00 to $200.00 in a research note on Monday, September 23rd. JMP Securities restated a “market outperform” rating and set a $180.00 price target on shares of Wix.com in a report on Thursday, July 25th. KeyCorp initiated coverage on shares of Wix.com in a research report on Thursday, July 25th. They set a “sector weight” rating on the stock. Benchmark increased their target price on shares of Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $190.00 target price on shares of Wix.com in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

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.