Quantbot Technologies LP Makes New Investment in Wix.com Ltd. (NASDAQ:WIX)

Quantbot Technologies LP bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,759 shares of the information services provider’s stock, valued at approximately $3,470,000.

A number of other hedge funds have also modified their holdings of the business. Blue Trust Inc. increased its stake 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 buying an additional 98 shares during the period. Advisors Asset Management Inc. raised its holdings in Wix.com by 112.1% during 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 in the last quarter. CWM LLC lifted its position in Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its position in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing 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 approximately $200,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WIX shares. Piper Sandler raised their price target on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Robert W. Baird raised their target price on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada upped their price target on shares of Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Wednesday, November 20th. Finally, Bank of America raised their price target on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wix.com has an average rating of “Moderate Buy” and an average target price of $210.71.

Wix.com Trading Down 1.6 %

NASDAQ WIX opened at $218.91 on Thursday. The business’s 50-day moving average price is $173.31 and its 200 day moving average price is $164.81. Wix.com Ltd. has a twelve month low of $97.07 and a twelve month high of $224.33. The company has a market capitalization of $12.00 billion, a PE ratio of 136.82, a price-to-earnings-growth ratio of 4.28 and a beta of 1.47.

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.