Wix.com Ltd. (NASDAQ:WIX) Sees Significant Increase in Short Interest

Wix.com Ltd. (NASDAQ:WIX) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,550,000 shares, an increase of 29.2% from the December 31st total of 1,200,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 541,200 shares, the short-interest ratio is presently 2.9 days.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $242.14 on Thursday. The business’s 50 day moving average price is $224.84 and its 200-day moving average price is $185.79. Wix.com has a 1 year low of $117.58 and a 1 year high of $247.11. The firm has a market capitalization of $13.27 billion, a PE ratio of 151.34, a P/E/G ratio of 2.62 and a beta of 1.56.

Institutional Investors Weigh In On Wix.com

Large investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in 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 acquiring an additional 98 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Wix.com during the 4th quarter worth approximately $43,000. Avior Wealth Management LLC grew its position in shares of Wix.com by 79.5% in 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. Advisors Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 130 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WIX shares. Benchmark boosted their target price on Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. B. Riley upped their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Citigroup lifted their price objective on shares of Wix.com from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.