Arkadios Wealth Advisors Acquires 1,332 Shares of Wix.com Ltd. (NASDAQ:WIX)

Arkadios Wealth Advisors raised its holdings in Wix.com Ltd. (NASDAQ:WIX) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,193 shares of the information services provider’s stock after purchasing an additional 1,332 shares during the quarter. Arkadios Wealth Advisors’ holdings in Wix.com were worth $1,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dorsal Capital Management LP grew its stake in shares of Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after purchasing an additional 250,000 shares during the last quarter. Clearbridge Investments LLC boosted its position in Wix.com by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after buying an additional 33,338 shares during the last quarter. Senvest Management LLC increased its stake in shares of Wix.com by 4.7% in the 3rd quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after buying an additional 50,482 shares during the period. Whale Rock Capital Management LLC raised its position in shares of Wix.com by 31.6% during 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Wix.com by 3.2% during the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after acquiring an additional 14,340 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on WIX shares. Jefferies Financial Group lifted their price objective on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Morgan Stanley raised shares of Wix.com from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $248.00 to $276.00 in a research note on Monday, January 13th. Robert W. Baird upped their target price on shares of Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada raised their price target on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.82.

Wix.com Trading Down 0.3 %

NASDAQ:WIX opened at $240.89 on Monday. The stock has a market capitalization of $13.21 billion, a PE ratio of 150.56, a P/E/G ratio of 2.53 and a beta of 1.56. Wix.com Ltd. has a 1-year low of $117.58 and a 1-year high of $246.82. The firm has a fifty day simple moving average of $216.57 and a 200 day simple moving average of $181.51.

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.