MQS Management LLC Invests $289,000 in Wix.com Ltd. (NASDAQ:WIX)

MQS Management LLC purchased a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,726 shares of the information services provider’s stock, valued at approximately $289,000.

A number of other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Wix.com by 46.2% during the first quarter. Russell Investments Group Ltd. now owns 99,381 shares of the information services provider’s stock worth $13,612,000 after purchasing an additional 31,388 shares during the last quarter. US Bancorp DE raised its holdings in shares of Wix.com by 42.0% during the first quarter. US Bancorp DE now owns 10,050 shares of the information services provider’s stock worth $1,382,000 after purchasing an additional 2,974 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Wix.com by 2,110.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 69,595 shares of the information services provider’s stock worth $9,568,000 after buying an additional 66,447 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Wix.com by 36.6% in the 1st 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 buying an additional 8,422 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Wix.com during the 1st quarter valued at about $6,586,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $184.01 on Friday. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 146.04, a PEG ratio of 3.92 and a beta of 1.47. Wix.com Ltd. has a 12 month low of $92.25 and a 12 month high of $192.00. The stock’s 50 day moving average price is $165.02 and its 200 day moving average price is $159.37.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WIX shares. KeyCorp assumed coverage on shares of Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Benchmark boosted their price objective on Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $190.00 target price on shares of Wix.com in a research report on Wednesday, August 7th. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $190.06.

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.