SG Americas Securities LLC Acquires 400,265 Shares of Wix.com Ltd. (NASDAQ:WIX)

SG Americas Securities LLC grew its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 558.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 471,933 shares of the information services provider’s stock after buying an additional 400,265 shares during the period. Wix.com makes up 0.4% of SG Americas Securities LLC’s investment portfolio, making the stock its 27th largest holding. SG Americas Securities LLC owned about 0.86% of Wix.com worth $101,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 130 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Wix.com by 113.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 139 shares during the last quarter. GAMMA Investing LLC increased its holdings in Wix.com by 962.7% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock worth $116,000 after acquiring an additional 491 shares during the last quarter. Finally, CWM LLC increased its holdings in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after acquiring an additional 101 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WIX. 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 report on Monday, January 6th. B. Riley lifted their price target on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Bank of America lifted 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. Finally, Raymond James upgraded Wix.com from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $225.00 to $300.00 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.06.

Wix.com Stock Performance

WIX opened at $235.00 on Thursday. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $246.82. The stock has a market capitalization of $12.88 billion, a PE ratio of 146.88, a price-to-earnings-growth ratio of 2.66 and a beta of 1.56. The stock’s 50 day moving average price is $218.70 and its 200-day moving average price is $182.70.

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.