Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Optimist Retirement Group LLC

Optimist Retirement Group LLC lowered its holdings in Wix.com Ltd. (NASDAQ:WIX) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,374 shares of the information services provider’s stock after selling 142 shares during the period. Optimist Retirement Group LLC’s holdings in Wix.com were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. boosted its stake 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 valued at $31,000 after buying an additional 98 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 valued at $41,000 after acquiring an additional 130 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Wix.com by 79.5% during the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after acquiring an additional 89 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Wix.com by 113.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after purchasing an additional 139 shares during the last quarter. Finally, CWM LLC increased its position in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analyst Ratings Changes

WIX has been the subject of a number of research reports. Robert W. Baird lifted their price target on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Morgan Stanley upgraded Wix.com from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $248.00 to $276.00 in a research report on Monday, January 13th. Wells Fargo & Company began coverage on Wix.com in a research report on Monday. They set an “underweight” rating and a $208.00 price target on the stock. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Wix.com in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.61.

Wix.com Price Performance

WIX opened at $224.85 on Thursday. The stock’s 50 day moving average price is $226.10 and its 200 day moving average price is $188.19. The stock has a market cap of $12.33 billion, a P/E ratio of 140.53, a P/E/G ratio of 2.66 and a beta of 1.58. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11.

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.