Signaturefd LLC Has $707,000 Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Signaturefd LLC decreased its stake in Wix.com Ltd. (NASDAQ:WIX) by 4.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,293 shares of the information services provider’s stock after selling 149 shares during the quarter. Signaturefd LLC’s holdings in Wix.com were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Wix.com by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after acquiring an additional 11,497 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Wix.com in the 4th quarter worth about $256,000. Oppenheimer & Co. Inc. purchased a new stake in Wix.com in the 3rd quarter worth about $461,000. Loomis Sayles & Co. L P lifted its stake in 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 acquiring an additional 36,459 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Wix.com by 348.6% during the 3rd quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider’s stock worth $1,488,000 after purchasing an additional 6,919 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup raised their price target on Wix.com from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Cantor Fitzgerald raised their price target on Wix.com from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $225.00 to $300.00 in a research note on Tuesday, January 21st. Wells Fargo & Company cut their price target on Wix.com from $194.00 to $169.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Finally, Barclays raised their price target on Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.74.

Wix.com Stock Up 2.6 %

WIX opened at $172.41 on Thursday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 73.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.64. The stock’s 50 day moving average price is $213.63 and its two-hundred day moving average price is $196.21. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11.

Wix.com announced that its board has initiated a share buyback plan on Thursday, February 27th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the information services provider to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.