Vinva Investment Management Ltd Acquires 26,459 Shares of Wix.com Ltd. (NASDAQ:WIX)

Vinva Investment Management Ltd grew its holdings in Wix.com Ltd. (NASDAQ:WIX) by 84.7% during the 3rd quarter, Holdings Channel reports. The fund owned 57,709 shares of the information services provider’s stock after buying an additional 26,459 shares during the period. Vinva Investment Management Ltd’s holdings in Wix.com were worth $9,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. increased its holdings in Wix.com by 98.0% in the 3rd 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 during the last quarter. Advisors Asset Management Inc. lifted its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after purchasing an additional 130 shares during the last quarter. CWM LLC raised its holdings in shares of Wix.com by 19.0% in 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. Toronto Dominion Bank boosted its holdings in Wix.com by 19.0% during the 2nd 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. Finally, Metis Global Partners LLC bought a new position in Wix.com in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analysts Set New Price Targets

WIX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Benchmark boosted their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Piper Sandler raised their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Robert W. Baird boosted their price target on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday. Finally, Royal Bank of Canada raised their price objective on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $210.71.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $218.91 on Thursday. The firm has a market capitalization of $12.00 billion, a P/E ratio of 136.82, a P/E/G ratio of 4.28 and a beta of 1.47. The business’s 50-day moving average is $174.50 and its 200 day moving average is $165.19. Wix.com Ltd. has a 1 year low of $97.07 and a 1 year high of $224.33.

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.