Vinva Investment Management Ltd Acquires 26,459 Shares of Wix.com Ltd. (NASDAQ:WIX)

Vinva Investment Management Ltd increased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 84.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,709 shares of the information services provider’s stock after purchasing an additional 26,459 shares during the period. Vinva Investment Management Ltd owned approximately 0.11% of Wix.com worth $9,794,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WIX. Public Sector Pension Investment Board raised its holdings in shares of Wix.com by 23.4% during the third quarter. Public Sector Pension Investment Board now owns 27,415 shares of the information services provider’s stock valued at $4,583,000 after purchasing an additional 5,200 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Wix.com by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock valued at $5,081,000 after acquiring an additional 11,497 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Wix.com during the third quarter worth approximately $3,470,000. Loomis Sayles & Co. L P lifted its holdings in shares of Wix.com by 23.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider’s stock worth $31,552,000 after purchasing an additional 36,459 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC acquired a new stake in Wix.com in the 3rd quarter valued at $201,000. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Down 1.6 %

NASDAQ WIX opened at $218.91 on Thursday. The firm has a market cap of $12.00 billion, a P/E ratio of 136.82, a price-to-earnings-growth ratio of 4.28 and a beta of 1.47. The company’s 50 day moving average is $174.50 and its 200-day moving average is $165.19. Wix.com Ltd. has a 12-month low of $97.07 and a 12-month high of $224.33.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Benchmark increased their price objective on Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird lifted their price objective on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday. Finally, StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Four research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.71.

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.