Y.D. More Investments Ltd Acquires 8,205 Shares of Wix.com Ltd. (NASDAQ:WIX)

Y.D. More Investments Ltd raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 14.2% in the 4th quarter, Holdings Channel reports. The firm owned 66,167 shares of the information services provider’s stock after purchasing an additional 8,205 shares during the quarter. Wix.com accounts for 1.3% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 22nd largest holding. Y.D. More Investments Ltd’s holdings in Wix.com were worth $14,196,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Wix.com by 28.3% in the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock worth $54,000 after purchasing an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Wix.com by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares during the last quarter. Avior Wealth Management LLC grew its stake in Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 89 shares during the period. CWM LLC grew its position in Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after buying an additional 101 shares during the period. Finally, Advisors Asset Management Inc. grew its position 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 valued at $41,000 after acquiring an additional 130 shares during the period. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Down 1.3 %

Shares of NASDAQ WIX opened at $227.42 on Wednesday. The stock has a market capitalization of $12.47 billion, a P/E ratio of 142.14, a P/E/G ratio of 2.66 and a beta of 1.58. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The firm’s 50-day moving average price is $225.98 and its two-hundred day moving average price is $187.93.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WIX shares. Benchmark upped their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Piper Sandler raised their price target on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Robert W. Baird boosted their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Barclays boosted their price objective on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.61.

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.