Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Wix.com Ltd. (NASDAQ:WIX) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,149 shares of the information services provider’s stock after selling 1,308 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wix.com were worth $3,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WIX. Senvest Management LLC lifted its position in shares of Wix.com by 4.7% during the 3rd quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after acquiring an additional 50,482 shares during the period. Whale Rock Capital Management LLC lifted its position in shares of Wix.com by 31.6% during the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after acquiring an additional 165,810 shares during the period. SG Americas Securities LLC lifted its position in shares of Wix.com by 558.5% during the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after acquiring an additional 400,265 shares during the period. Geode Capital Management LLC lifted its position in shares of Wix.com by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after acquiring an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after acquiring an additional 49,500 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. B. Riley boosted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company assumed coverage on shares of Wix.com in a research note on Monday, February 3rd. They set an “underweight” rating and a $208.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of Wix.com from $205.00 to $189.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup lifted their target price on shares of Wix.com from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus target price of $245.83.

Wix.com Trading Down 0.0 %

Shares of NASDAQ:WIX opened at $199.16 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 market cap of $10.92 billion, a P/E ratio of 84.75, a P/E/G ratio of 2.83 and a beta of 1.58. The company has a 50 day moving average of $225.52 and a 200-day moving average of $194.36.

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.