Short Interest in Wix.com Ltd. (NASDAQ:WIX) Expands By 29.2%

Wix.com Ltd. (NASDAQ:WIX) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,550,000 shares, an increase of 29.2% from the December 15th total of 1,200,000 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average trading volume of 541,200 shares, the short-interest ratio is presently 2.9 days.

Wix.com Price Performance

Wix.com stock opened at $241.72 on Friday. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 151.08, a price-to-earnings-growth ratio of 2.53 and a beta of 1.56. The firm has a 50-day moving average of $215.20 and a two-hundred day moving average of $180.59. Wix.com has a 1 year low of $117.58 and a 1 year high of $246.83.

Hedge Funds Weigh In On Wix.com

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Wix.com by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock worth $502,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. raised its holdings in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. CWM LLC lifted its position in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after buying an additional 101 shares during 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, Advisors Asset Management Inc. grew its position 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 worth $41,000 after buying an additional 130 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on WIX. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Wix.com in a report on Wednesday, November 20th. Morgan Stanley upgraded Wix.com from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $248.00 to $276.00 in a research report on Monday. Bank of America raised their price target on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird upped their price objective on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Finally, Royal Bank of Canada increased their target price on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $225.82.

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.