Lazard Asset Management LLC Purchases 331,283 Shares of Wix.com Ltd. $WIX

Lazard Asset Management LLC increased its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 27.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,542,153 shares of the information services provider’s stock after purchasing an additional 331,283 shares during the quarter. Lazard Asset Management LLC owned approximately 2.75% of Wix.com worth $244,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Wix.com by 9.9% in the 1st quarter. Cetera Investment Advisers now owns 1,558 shares of the information services provider’s stock worth $255,000 after buying an additional 140 shares during the last quarter. LPL Financial LLC lifted its holdings in Wix.com by 17.1% during the first quarter. LPL Financial LLC now owns 8,525 shares of the information services provider’s stock worth $1,393,000 after acquiring an additional 1,248 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Wix.com by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 38,806 shares of the information services provider’s stock worth $6,340,000 after purchasing an additional 1,833 shares during the last quarter. Invesco Ltd. grew its stake in Wix.com by 18.1% in the 1st quarter. Invesco Ltd. now owns 68,428 shares of the information services provider’s stock valued at $11,180,000 after purchasing an additional 10,496 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Wix.com during the 1st quarter worth $22,146,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

Wix.com stock opened at $101.87 on Friday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 43.53, a PEG ratio of 2.03 and a beta of 1.42. Wix.com Ltd. has a one year low of $92.23 and a one year high of $247.11. The business has a fifty day moving average price of $122.58 and a 200-day moving average price of $141.70.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $200.00 price target (down previously from $230.00) on shares of Wix.com in a research report on Thursday, November 20th. Bank of America lowered their price target on shares of Wix.com from $210.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Wall Street Zen lowered Wix.com from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Royal Bank Of Canada decreased their target price on Wix.com from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Finally, JMP Securities set a $185.00 price target on Wix.com in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.05.

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.