Hel Ved Capital Management Ltd Purchases Shares of 5,450 Wix.com Ltd. (NASDAQ:WIX)

Hel Ved Capital Management Ltd bought a new position in Wix.com Ltd. (NASDAQ:WIXFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,450 shares of the information services provider’s stock, valued at approximately $670,000.

Other large investors also recently modified their holdings of the company. HighMark Wealth Management LLC acquired a new position in Wix.com during the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in Wix.com during the 3rd quarter worth $45,000. Principal Securities Inc. acquired a new stake in Wix.com in the 4th quarter valued at $93,000. Algert Global LLC acquired a new position in shares of Wix.com during the third quarter worth about $214,000. Finally, Ieq Capital LLC acquired a new position in shares of Wix.com during the fourth quarter worth about $214,000. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on WIX. UBS Group boosted their price target on Wix.com from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Bank of America boosted their target price on shares of Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup upped their price objective on shares of Wix.com from $175.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of Wix.com in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on Wix.com from $148.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $175.59.

View Our Latest Report on Wix.com

Wix.com Trading Down 3.6 %

WIX traded down $6.41 on Friday, hitting $169.60. 1,135,508 shares of the company’s stock were exchanged, compared to its average volume of 1,191,121. The stock has a fifty day moving average of $139.15 and a two-hundred day moving average of $129.69. Wix.com Ltd. has a twelve month low of $73.39 and a twelve month high of $178.65. The firm has a market cap of $9.70 billion, a PE ratio of 148.77, a P/E/G ratio of 4.16 and a beta of 1.46.

Wix.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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