State of New Jersey Common Pension Fund D Boosts Stake in Wix.com Ltd. (NASDAQ:WIX)

State of New Jersey Common Pension Fund D grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,305 shares of the information services provider’s stock after purchasing an additional 1,600 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Wix.com were worth $3,729,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. CWM LLC raised its stake in Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its holdings in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after buying an additional 488 shares during the period. Toronto Dominion Bank boosted its position in Wix.com by 19.0% during 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 in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Wix.com during the 2nd quarter valued at $259,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

NASDAQ:WIX opened at $188.94 on Wednesday. The firm’s fifty day moving average is $163.86 and its two-hundred day moving average is $158.71. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 149.95, a PEG ratio of 3.67 and a beta of 1.47. Wix.com Ltd. has a one year low of $86.22 and a one year high of $192.00.

Wall Street Analyst Weigh In

WIX has been the subject of a number of analyst reports. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group lifted their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. KeyCorp assumed coverage on shares of Wix.com in a research report on Thursday, July 25th. They set a “sector weight” rating for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Wix.com in a report on Monday, October 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $190.06.

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.