Meitav Investment House Ltd. Decreases Stake in Wix.com Ltd. $WIX

Meitav Investment House Ltd. lessened its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 9.8% in the third quarter, Holdings Channel reports. The firm owned 97,417 shares of the information services provider’s stock after selling 10,576 shares during the period. Meitav Investment House Ltd.’s holdings in Wix.com were worth $17,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Wix.com by 632.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 215 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Wix.com by 47.8% in the second quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock worth $65,000 after buying an additional 132 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Wix.com in the second quarter valued at about $77,000. TD Private Client Wealth LLC grew its stake in shares of Wix.com by 25.4% in the second quarter. TD Private Client Wealth LLC now owns 597 shares of the information services provider’s stock valued at $95,000 after buying an additional 121 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Wix.com by 508.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 779 shares of the information services provider’s stock valued at $123,000 after buying an additional 651 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of WIX stock opened at $80.16 on Friday. The firm has a fifty day moving average of $103.44 and a two-hundred day moving average of $131.83. The firm has a market cap of $4.50 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.53 and a beta of 1.42. Wix.com Ltd. has a 1-year low of $80.06 and a 1-year high of $247.11.

Wall Street Analyst Weigh In

WIX has been the subject of a number of analyst reports. Needham & Company LLC decreased their price target on Wix.com from $200.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Benchmark dropped their price objective 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. Raymond James Financial set a $74.00 target price on shares of Wix.com in a research note on Wednesday, January 7th. Evercore ISI lowered their price target on shares of Wix.com from $250.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, Cantor Fitzgerald boosted their price objective on shares of Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.95.

Wix.com Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.