Wix.com Ltd. (NASDAQ:WIX) Stock Holdings Increased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 23.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,534 shares of the information services provider’s stock after purchasing an additional 49,500 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.48% of Wix.com worth $44,055,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Wix.com by 98.0% during the third 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 in the last quarter. Industrial Alliance Investment Management Inc. grew its position in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares in the last quarter. CWM LLC grew its position in Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares in the last quarter. Toronto Dominion Bank grew its position in Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Wix.com during the second quarter valued at approximately $259,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Trading Up 0.3 %

Shares of NASDAQ:WIX traded up $0.46 during midday trading on Friday, hitting $172.50. The company had a trading volume of 379,577 shares, compared to its average volume of 365,272. Wix.com Ltd. has a 12 month low of $85.38 and a 12 month high of $179.00. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 136.91, a PEG ratio of 3.67 and a beta of 1.47. The firm has a fifty day simple moving average of $163.52 and a 200 day simple moving average of $158.02.

Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.35. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. Equities analysts forecast that Wix.com Ltd. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on WIX. Benchmark boosted their target price on shares of Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. KeyCorp began coverage on shares of Wix.com in a research report on Thursday, July 25th. They issued a “sector weight” rating for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Wix.com in a research report on Monday, October 7th. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Barclays reduced their price objective on shares of Wix.com from $186.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wix.com has an average rating of “Moderate Buy” and an average price target of $190.06.

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.