Wix.com (NASDAQ:WIX) Price Target Raised to $270.00

Wix.com (NASDAQ:WIX) had its price objective boosted by Citigroup from $260.00 to $270.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Other research analysts also recently issued reports about the company. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Robert W. Baird boosted their price target on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Wix.com in a research note on Wednesday, November 20th. Piper Sandler lifted their price objective on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Cantor Fitzgerald upped their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $214.71.

Wix.com Trading Up 2.9 %

Shares of WIX opened at $222.75 on Friday. Wix.com has a 12-month low of $116.27 and a 12-month high of $229.79. The stock has a market cap of $12.21 billion, a P/E ratio of 139.22, a PEG ratio of 4.22 and a beta of 1.56. The company has a 50-day moving average of $204.03 and a two-hundred day moving average of $176.31.

Institutional Trading of Wix.com

A number of institutional investors have recently modified their holdings of WIX. Blue Trust Inc. lifted 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 buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings 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 acquiring an additional 130 shares in the last quarter. CWM LLC boosted its position in Wix.com by 19.0% during 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 during the period. 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 valued at $116,000 after purchasing an additional 491 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Wix.com by 19.0% in 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 during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

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.