R Squared Ltd Makes New Investment in Wix.com Ltd. (NASDAQ:WIX)

R Squared Ltd acquired a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 610 shares of the information services provider’s stock, valued at approximately $131,000.

A number of other institutional investors have also made changes to their positions in WIX. Blue Trust Inc. raised its position in shares of Wix.com by 28.3% in the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Wix.com by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock worth $502,000 after acquiring an additional 63 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 89 shares during the period. CWM LLC grew its position in shares of Wix.com by 19.0% in 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 during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the period. 81.52% of the stock is owned by institutional investors.

Wix.com Price Performance

WIX stock opened at $242.14 on Thursday. The business has a fifty day moving average price of $224.84 and a 200 day moving average price of $185.79. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 151.34, a P/E/G ratio of 2.62 and a beta of 1.56.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WIX shares. Jefferies Financial Group raised their target price on Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a report on Monday, January 6th. Piper Sandler increased their price target on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Cantor Fitzgerald upped their price objective on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Citigroup lifted their target price on Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, B. Riley upped their price target on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.06.

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.