Maverick Capital Ltd. Buys Shares of 5,324 Wix.com Ltd. (NASDAQ:WIX)

Maverick Capital Ltd. bought a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,324 shares of the information services provider’s stock, valued at approximately $890,000.

A number of other institutional investors have also added to or reduced their stakes in WIX. Blue Trust Inc. boosted its holdings in shares of Wix.com by 98.0% in the 3rd 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. Advisors Asset Management Inc. boosted its holdings in shares of Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares in the last quarter. CWM LLC boosted its holdings in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares in the last quarter. Finally, Metis Global Partners LLC bought a new stake in shares of Wix.com in the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

NASDAQ:WIX opened at $223.74 on Monday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 139.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55. The company has a 50 day moving average price of $176.92 and a 200-day moving average price of $166.67. Wix.com Ltd. has a 1-year low of $100.13 and a 1-year high of $224.33.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WIX shares. Piper Sandler lifted their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Benchmark lifted their target price on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird lifted their target price on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Barclays lifted their target price on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their target price on shares of Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $210.71.

Wix.com 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.