Cigna Investments Inc. New Takes $207,000 Position in Wix.com Ltd. (NASDAQ:WIX)

Cigna Investments Inc. New bought a new position in Wix.com Ltd. (NASDAQ:WIX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 963 shares of the information services provider’s stock, valued at approximately $207,000.

Several other large investors also recently bought and sold shares of WIX. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of 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 purchasing an additional 49,500 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Wix.com in the 3rd quarter worth approximately $661,000. BNP Paribas Financial Markets raised its position in Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after buying an additional 11,497 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Wix.com during the 4th quarter worth approximately $256,000. Finally, Cumberland Partners Ltd lifted its stake in Wix.com by 18.8% during the 3rd quarter. Cumberland Partners Ltd now owns 19,000 shares of the information services provider’s stock valued at $3,176,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WIX. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Bank of America upped their target price on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company initiated coverage on Wix.com in a research report on Monday, February 3rd. They set an “underweight” rating and a $208.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus target price of $232.61.

Wix.com Trading Up 1.4 %

Shares of NASDAQ WIX opened at $227.41 on Wednesday. The company’s 50-day moving average price is $226.18 and its 200 day moving average price is $189.63. Wix.com Ltd. has a 52 week low of $117.58 and a 52 week high of $247.11. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 142.13, a PEG ratio of 2.48 and a beta of 1.58.

Wix.com Company 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.