WCM Investment Management LLC Takes $5.03 Million Position in Wix.com Ltd. (NASDAQ:WIX)

WCM Investment Management LLC purchased a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 29,869 shares of the information services provider’s stock, valued at approximately $5,027,000. WCM Investment Management LLC owned about 0.05% of Wix.com at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Wix.com by 36.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock valued at $4,318,000 after purchasing an additional 8,422 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of Wix.com by 176.5% during the first quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock valued at $2,246,000 after acquiring an additional 10,427 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Wix.com in the third quarter worth $661,000. Quadrature Capital Ltd raised its position in Wix.com by 65.1% during the 1st quarter. Quadrature Capital Ltd now owns 22,515 shares of the information services provider’s stock worth $3,095,000 after purchasing an additional 8,879 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after buying an additional 49,500 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Up 6.5 %

NASDAQ WIX opened at $183.64 on Tuesday. The business has a fifty day simple moving average of $163.52 and a 200 day simple moving average of $158.27. Wix.com Ltd. has a 12 month low of $86.22 and a 12 month high of $184.31. The firm has a market capitalization of $10.07 billion, a P/E ratio of 146.06, a PEG ratio of 3.67 and a beta of 1.47.

Analysts Set New Price Targets

Several analysts recently commented on WIX shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of Wix.com in a report on Monday, October 7th. JMP Securities restated a “market outperform” rating and issued a $180.00 target price on shares of Wix.com in a report on Thursday, July 25th. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Monday, August 5th. KeyCorp initiated coverage on Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating on the stock. Finally, StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.