Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Wix.com Ltd. (NASDAQ:WIX)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,468 shares of the information services provider’s stock after purchasing an additional 459 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Wix.com were worth $959,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WIX. Blue Trust Inc. lifted its position in shares of Wix.com by 98.0% during the 3rd 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. raised its position in Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after acquiring an additional 130 shares during the period. Avior Wealth Management LLC lifted 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 purchasing an additional 89 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Wix.com by 113.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 139 shares during the period. Finally, CWM LLC increased its stake in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Up 1.4 %

WIX stock opened at $227.41 on Wednesday. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 142.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The business has a fifty day moving average of $226.18 and a two-hundred day moving average of $189.63.

Analyst Ratings Changes

WIX has been the topic of a number of research reports. Bank of America raised their price target on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays lifted their price target on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price objective on Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $225.00 to $300.00 in a research note on Tuesday, January 21st. Finally, Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.61.

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.