530 Shares in Wix.com Ltd. (NASDAQ:WIX) Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. bought a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 530 shares of the information services provider’s stock, valued at approximately $114,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Wix.com by 518.3% during the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider’s stock worth $324,081,000 after purchasing an additional 1,266,202 shares in the last quarter. SG Americas Securities LLC lifted its position in Wix.com by 558.5% in the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after purchasing an additional 400,265 shares during the period. Norges Bank bought a new position in Wix.com in the fourth quarter worth $63,829,000. Whale Rock Capital Management LLC boosted its stake in Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after buying an additional 165,810 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Wix.com by 1,383.9% in the 4th quarter. Schroder Investment Management Group now owns 124,871 shares of the information services provider’s stock valued at $27,146,000 after buying an additional 116,456 shares during the period. 81.52% of the stock is owned by institutional investors.

Wix.com Stock Up 1.1 %

WIX stock opened at $165.87 on Thursday. Wix.com Ltd. has a twelve month low of $117.58 and a twelve month high of $247.11. The company has a market cap of $9.31 billion, a P/E ratio of 70.58, a PEG ratio of 2.83 and a beta of 1.65. The business has a fifty day moving average of $200.57 and a 200-day moving average of $197.03.

Wix.com declared that its Board of Directors has initiated a stock repurchase 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 buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WIX shares. Cantor Fitzgerald raised their price objective on shares of Wix.com from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Citigroup lifted their price objective on Wix.com from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Benchmark increased their target price on Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. StockNews.com raised Wix.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Wells Fargo & Company cut their price objective on Wix.com from $194.00 to $169.00 and set an “underweight” rating for the company in a report on Friday, March 7th. One equities 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.74.

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.