Wix.com (NASDAQ:WIX) Trading Up 3.8% – Still a Buy?

Wix.com Ltd. (NASDAQ:WIX) rose 3.8% during trading on Tuesday . The company traded as high as $191.68 and last traded at $190.67. Approximately 101,111 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 539,294 shares. The stock had previously closed at $183.64.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of Wix.com in a report on Monday, October 7th. UBS Group raised their target price on Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. KeyCorp assumed coverage on Wix.com in a research report on Thursday, July 25th. They set a “sector weight” rating on the stock. JMP Securities reiterated a “market outperform” rating and issued a $180.00 target price on shares of Wix.com in a research report on Thursday, July 25th. Finally, Barclays cut their target price on Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Wix.com Trading Up 2.9 %

The company has a fifty day simple moving average of $163.86 and a two-hundred day simple moving average of $158.71. The stock has a market capitalization of $10.36 billion, a P/E ratio of 149.47, a PEG ratio of 3.67 and a beta of 1.47.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of 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 during the last quarter. CWM LLC raised its position 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 valued at $106,000 after purchasing an additional 101 shares during the last quarter. Toronto Dominion Bank raised its stake in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after acquiring an additional 124 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Wix.com by 2.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after acquiring an additional 136 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.