Cumberland Partners Ltd Buys 3,000 Shares of Wix.com Ltd. (NASDAQ:WIX)

Cumberland Partners Ltd grew its stake in Wix.com Ltd. (NASDAQ:WIX) by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,000 shares of the information services provider’s stock after buying an additional 3,000 shares during the period. Cumberland Partners Ltd’s holdings in Wix.com were worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares in the last quarter. CWM LLC lifted its holdings in shares of 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 purchasing an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in Wix.com by 246.5% in the 1st 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 during the period. Toronto Dominion Bank increased its stake in Wix.com by 19.0% during the 2nd 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 acquired a new position in Wix.com during the second quarter worth $259,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Trading Up 2.9 %

Shares of Wix.com stock traded up $5.37 on Tuesday, reaching $189.01. The stock had a trading volume of 180,668 shares, compared to its average volume of 539,657. The business’s 50 day moving average is $163.52 and its two-hundred day moving average is $158.27. The company has a market cap of $10.36 billion, a P/E ratio of 145.75, a price-to-earnings-growth ratio of 3.67 and a beta of 1.47. Wix.com Ltd. has a 1 year low of $86.22 and a 1 year high of $192.00.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WIX. Benchmark lifted their price objective on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $190.00 price target on shares of Wix.com in a report on Wednesday, August 7th. Piper Sandler upgraded Wix.com from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $184.00 to $200.00 in a research note on Monday, September 23rd. UBS Group raised their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.06.

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.