Wix.com Ltd. (NASDAQ:WIX) Stock Position Decreased by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 13.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,613,289 shares of the information services provider’s stock after selling 848,423 shares during the quarter. Wix.com makes up 0.9% of Baillie Gifford & Co.’s portfolio, making the stock its 26th largest holding. Baillie Gifford & Co. owned about 0.10% of Wix.com worth $1,204,331,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WIX. Blue Trust Inc. boosted its stake in 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 purchasing an additional 98 shares during the period. 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 purchasing an additional 130 shares during the period. Avior Wealth Management LLC boosted its stake 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 valued at $43,000 after purchasing an additional 89 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Wix.com during the 4th quarter valued at about $43,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Wix.com by 113.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 139 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

WIX stock opened at $223.70 on Monday. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The company’s 50 day simple moving average is $226.55 and its 200-day simple moving average is $191.64. The firm has a market capitalization of $12.26 billion, a P/E ratio of 139.81, a P/E/G ratio of 2.48 and a beta of 1.58.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Bank of America upped their price target on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler upped their price target on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley raised shares of Wix.com from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $248.00 to $276.00 in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.61.

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.