Thematics Asset Management Reduces Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Thematics Asset Management decreased its stake in Wix.com Ltd. (NASDAQ:WIX) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,827 shares of the information services provider’s stock after selling 2,817 shares during the period. Thematics Asset Management’s holdings in Wix.com were worth $3,482,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WIX. Blue Trust Inc. boosted its stake in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 98 shares in the last quarter. Advisors Asset Management Inc. grew 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 worth $41,000 after buying an additional 130 shares during the last quarter. CWM LLC increased 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 worth $106,000 after buying an additional 101 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after buying an additional 488 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares during the period. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Price Performance

Wix.com stock traded down $2.58 during trading hours on Tuesday, hitting $220.83. The stock had a trading volume of 119,642 shares, compared to its average volume of 557,751. Wix.com Ltd. has a 1-year low of $95.65 and a 1-year high of $223.95. The stock’s fifty day moving average is $172.07 and its two-hundred day moving average is $164.11. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 139.63, a PEG ratio of 4.24 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday. Piper Sandler lifted their target price on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Wix.com in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, UBS Group upped their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.71.

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.