Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC decreased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,514 shares of the information services provider’s stock after selling 3,068 shares during the quarter. Wix.com makes up about 1.9% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Taylor Frigon Capital Management LLC’s holdings in Wix.com were worth $3,758,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Senvest Management LLC raised its position in Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock worth $186,910,000 after acquiring an additional 50,482 shares in the last quarter. Whale Rock Capital Management LLC raised its position 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 acquiring an additional 165,810 shares in the last quarter. SG Americas Securities LLC raised its position in Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after acquiring an additional 400,265 shares in the last quarter. Geode Capital Management LLC raised its position in Wix.com by 3.2% during the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after acquiring an additional 14,340 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Wix.com by 23.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after acquiring an additional 49,500 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WIX. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Bank of America increased their price objective on shares of Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price objective on shares of Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Benchmark increased their price objective on shares of Wix.com from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Citigroup increased their price objective on shares of Wix.com from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.83.

Wix.com Stock Down 0.0 %

Shares of Wix.com stock opened at $199.16 on Thursday. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 84.75, a PEG ratio of 2.83 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. The firm’s 50-day moving average price is $225.52 and its two-hundred day moving average price is $194.36.

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.