Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Thematics Asset Management

Thematics Asset Management lessened its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,827 shares of the information services provider’s stock after selling 2,817 shares during the period. Thematics Asset Management’s holdings in Wix.com were worth $3,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 98 shares during the period. Advisors Asset Management Inc. raised its position in Wix.com by 112.1% during 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. CWM LLC lifted its stake in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares during the period. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after acquiring an additional 488 shares during the last quarter. Finally, 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 acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Trading Down 1.2 %

WIX traded down $2.58 during trading hours on Tuesday, hitting $220.83. 119,642 shares of the company’s stock were exchanged, compared to its average volume of 557,751. The firm has a market cap of $12.11 billion, a P/E ratio of 139.63, a price-to-earnings-growth ratio of 4.24 and a beta of 1.47. Wix.com Ltd. has a 12-month low of $95.65 and a 12-month high of $223.95. The firm has a 50 day moving average of $172.07 and a 200 day moving average of $164.11.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WIX. Barclays increased their price target on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price target on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their price target on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Benchmark lifted their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $210.71.

Wix.com Company 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.