Menora Mivtachim Holdings LTD. Has $13.98 Million Stock Position in Wix.com Ltd. $WIX

Menora Mivtachim Holdings LTD. lessened its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 46.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,252 shares of the information services provider’s stock after selling 75,395 shares during the quarter. Menora Mivtachim Holdings LTD.’s holdings in Wix.com were worth $13,984,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WIX. Senvest Management LLC raised its holdings in shares of Wix.com by 32.2% in the 2nd quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after acquiring an additional 496,770 shares during the last quarter. Norges Bank bought a new stake in Wix.com during the 2nd quarter valued at $66,132,000. Alliancebernstein L.P. increased its position in shares of Wix.com by 115.8% during the first quarter. Alliancebernstein L.P. now owns 560,214 shares of the information services provider’s stock valued at $91,528,000 after buying an additional 300,565 shares during the period. Durable Capital Partners LP increased its holdings in Wix.com by 38.7% during the 1st quarter. Durable Capital Partners LP now owns 580,808 shares of the information services provider’s stock worth $94,892,000 after acquiring an additional 162,075 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Wix.com by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 761,566 shares of the information services provider’s stock worth $124,425,000 after purchasing an additional 155,977 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of WIX stock opened at $105.69 on Wednesday. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 1.99 and a beta of 1.42. Wix.com Ltd. has a 1 year low of $92.23 and a 1 year high of $247.11. The firm has a fifty day moving average price of $125.57 and a 200-day moving average price of $142.58.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Wix.com from $160.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. JMP Securities set a $185.00 target price on shares of Wix.com in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wix.com in a research note on Wednesday, October 8th. Citizens Jmp dropped their price objective on Wix.com from $210.00 to $185.00 and set a “market outperform” rating for the company in a report on Thursday, November 20th. Finally, Benchmark cut their target price on shares of Wix.com from $230.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.81.

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.