Wix.com (NASDAQ:WIX) Given New $189.00 Price Target at JPMorgan Chase & Co.

Wix.com (NASDAQ:WIX) had its target price reduced by JPMorgan Chase & Co. from $205.00 to $189.00 in a research note released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the information services provider’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada boosted their price objective on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler raised their price objective on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. B. Riley upped their target price on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays raised their price target on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Raymond James upgraded Wix.com from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $225.00 to $300.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and an average price target of $239.33.

Wix.com Trading Down 4.7 %

NASDAQ:WIX opened at $217.00 on Wednesday. The stock has a market capitalization of $11.90 billion, a P/E ratio of 135.63, a price-to-earnings-growth ratio of 2.49 and a beta of 1.58. Wix.com has a 1 year low of $117.58 and a 1 year high of $247.11. The firm has a 50 day moving average of $227.05 and a 200-day moving average of $192.90.

Hedge Funds Weigh In On Wix.com

Several institutional investors have recently modified their holdings of WIX. Wellington Management Group LLP lifted its stake in Wix.com by 518.3% in the fourth quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider’s stock valued at $324,081,000 after buying an additional 1,266,202 shares in the last quarter. Dorsal Capital Management LP lifted its position in Wix.com by 1.8% in the 4th quarter. Dorsal Capital Management LP now owns 1,425,000 shares of the information services provider’s stock valued at $305,734,000 after acquiring an additional 25,000 shares in the last quarter. Senvest Management LLC boosted its stake in Wix.com by 27.3% in the 4th quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider’s stock worth $305,260,000 after purchasing an additional 304,712 shares during the period. Whale Rock Capital Management LLC increased its holdings in Wix.com by 55.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider’s stock worth $229,904,000 after purchasing an additional 380,800 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Wix.com by 21.0% in the 4th quarter. Renaissance Technologies LLC now owns 937,549 shares of the information services provider’s stock valued at $201,151,000 after purchasing an additional 162,400 shares during the period. Institutional investors own 81.52% of the company’s stock.

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.