Wix.com (NASDAQ:WIX) Given New $240.00 Price Target at Barclays

Wix.com (NASDAQ:WIX) had its price target lifted by Barclays from $236.00 to $240.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

A number of other analysts have also issued reports on the company. UBS Group increased their target price on Wix.com from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird increased their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Cantor Fitzgerald increased their target price on Wix.com from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company assumed coverage on Wix.com in a report on Monday, February 3rd. They issued an “underweight” rating and a $208.00 target price for the company. Finally, Raymond James upgraded Wix.com from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. 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 two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.11.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $203.65 on Thursday. Wix.com has a one year low of $117.58 and a one year high of $247.11. The stock has a fifty day moving average of $226.63 and a 200-day moving average of $192.98. The company has a market capitalization of $11.16 billion, a PE ratio of 127.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58.

Hedge Funds Weigh In On Wix.com

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its position in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Wix.com during the fourth quarter worth $43,000. Avior Wealth Management LLC increased its position in Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares during the last quarter. Global Retirement Partners LLC increased its position in Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after buying an additional 58 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Wix.com during the fourth quarter worth $52,000. 81.52% of the stock is owned by institutional investors and hedge funds.

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.