Legato Capital Management LLC Buys 1,598 Shares of Wix.com Ltd. (NASDAQ:WIX)

Legato Capital Management LLC grew its stake in Wix.com Ltd. (NASDAQ:WIX) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,578 shares of the information services provider’s stock after acquiring an additional 1,598 shares during the period. Legato Capital Management LLC’s holdings in Wix.com were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WIX. Blue Trust Inc. raised its stake in shares of Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of 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 buying an additional 130 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Wix.com during the fourth quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after buying an additional 139 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted 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. Cantor Fitzgerald boosted their price objective on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Benchmark boosted their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Citigroup boosted their price objective on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $232.61.

Wix.com Trading Up 1.4 %

Shares of WIX opened at $227.41 on Wednesday. Wix.com Ltd. has a 12 month low of $117.58 and a 12 month high of $247.11. The firm has a fifty day simple moving average of $226.18 and a 200 day simple moving average of $189.63. The stock has a market capitalization 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 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.