Swedbank AB Sells 11,241 Shares of Wix.com Ltd. (NASDAQ:WIX)

Swedbank AB cut its stake in Wix.com Ltd. (NASDAQ:WIX) by 66.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,624 shares of the information services provider’s stock after selling 11,241 shares during the period. Swedbank AB’s holdings in Wix.com were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares during the period. CWM LLC lifted its holdings in shares of Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after acquiring an additional 101 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after acquiring an additional 124 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 130 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Wix.com by 2.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after acquiring an additional 136 shares during the period. 81.52% of the stock is owned by institutional investors.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $218.91 on Thursday. Wix.com Ltd. has a one year low of $97.07 and a one year high of $224.33. The company has a 50 day moving average of $173.31 and a 200-day moving average of $164.81. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 139.03, a P/E/G ratio of 4.30 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WIX shares. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Barclays lifted 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. Piper Sandler lifted their price target on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Bank of America lifted their price target on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, UBS Group lifted their price target on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.