Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Decreased by Avala Global LP

Avala Global LP lowered its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 29.3% in the third quarter, Holdings Channel.com reports. The fund owned 370,704 shares of the information services provider’s stock after selling 153,896 shares during the quarter. Wix.com comprises 4.1% of Avala Global LP’s portfolio, making the stock its 9th biggest holding. Avala Global LP’s holdings in Wix.com were worth $61,971,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WIX. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 98 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Wix.com by 112.1% in 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 period. CWM LLC lifted its holdings in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after buying an additional 101 shares in the last quarter. Toronto Dominion Bank boosted its position in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares during the period. Finally, Metis Global Partners LLC purchased a new stake in Wix.com in the 3rd quarter valued at about $200,000. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Up 2.2 %

Shares of WIX opened at $223.74 on Monday. The company has a 50 day moving average of $176.92 and a two-hundred day moving average of $166.67. Wix.com Ltd. has a twelve month low of $100.13 and a twelve month high of $224.33. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 139.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WIX shares. Benchmark lifted their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Cantor Fitzgerald lifted their target price on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their target price on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.