UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,558 Shares of Wix.com Ltd. (NASDAQ:WIX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Wix.com Ltd. (NASDAQ:WIX) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,343 shares of the information services provider’s stock after selling 5,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.62% of Wix.com worth $57,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. grew its stake 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 acquiring an additional 130 shares in the last quarter. CWM LLC raised its holdings in shares of Wix.com by 19.0% in the third 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 last quarter. Toronto Dominion Bank boosted its holdings in Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the last quarter. Finally, Metis Global Partners LLC bought a new stake in Wix.com in the 3rd quarter worth about $200,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Down 0.4 %

Shares of Wix.com stock opened at $219.72 on Wednesday. The company’s 50-day moving average price is $179.16 and its 200-day moving average price is $167.86. Wix.com Ltd. has a 12-month low of $101.72 and a 12-month high of $225.80. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 137.33, a PEG ratio of 4.24 and a beta of 1.55.

Analyst Ratings Changes

WIX has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Piper Sandler boosted their price target on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. UBS Group increased their target price on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, B. Riley upped their price objective on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price 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.