200 Shares in Wix.com Ltd. (NASDAQ:WIX) Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. acquired a new position in Wix.com Ltd. (NASDAQ:WIX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 200 shares of the information services provider’s stock, valued at approximately $43,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Senvest Management LLC raised its position in Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock worth $186,910,000 after acquiring an additional 50,482 shares during the period. Whale Rock Capital Management LLC raised its position in Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after acquiring an additional 165,810 shares during the period. SG Americas Securities LLC raised its position in Wix.com by 558.5% in the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after acquiring an additional 400,265 shares during the period. Geode Capital Management LLC raised its position in Wix.com by 3.2% in the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after acquiring an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after acquiring an additional 49,500 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Price Performance

WIX stock opened at $227.41 on Wednesday. Wix.com Ltd. has a one year low of $117.58 and a one year high of $247.11. The stock has a market cap of $12.47 billion, a PE ratio of 142.13, a P/E/G ratio of 2.48 and a beta of 1.58. The firm has a 50 day simple moving average of $226.18 and a two-hundred day simple moving average of $189.63.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $225.00 to $300.00 in a research report on Tuesday, January 21st. Citigroup boosted their price target on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Barclays boosted their price target on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price target on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.61.

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.