Smartleaf Asset Management LLC Buys 192 Shares of Wix.com Ltd. (NASDAQ:WIX)

Smartleaf Asset Management LLC boosted its position in Wix.com Ltd. (NASDAQ:WIX) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 887 shares of the information services provider’s stock after acquiring an additional 192 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Wix.com were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after acquiring an additional 400,265 shares during the last quarter. Captrust Financial Advisors lifted its stake in Wix.com by 545.7% in the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after purchasing an additional 201,532 shares during the last quarter. Whale Rock Capital Management LLC boosted its position in Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after buying an additional 165,810 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Wix.com by 90.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider’s stock valued at $39,859,000 after buying an additional 87,327 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its holdings in shares of Wix.com by 192.9% in the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock worth $16,466,000 after buying an additional 64,869 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

WIX has been the subject of several analyst reports. B. Riley increased their target price on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their price objective on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Piper Sandler raised their target price on shares of Wix.com from $249.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barclays upped their price target on shares of Wix.com from $236.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $235.00 price objective on shares of Wix.com in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $246.05.

Wix.com Stock Up 4.9 %

WIX opened at $197.53 on Thursday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The firm has a 50 day moving average price of $222.52 and a 200-day moving average price of $195.61. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 84.06, a PEG ratio of 2.83 and a beta of 1.58.

Wix.com declared that its board has authorized a share repurchase plan on Thursday, February 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information services provider to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.