Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Robeco Institutional Asset Management B.V. cut its holdings in Wix.com Ltd. (NASDAQ:WIX) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,383 shares of the information services provider’s stock after selling 3,233 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of Wix.com worth $24,326,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. raised its holdings 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 worth $31,000 after acquiring an additional 98 shares during the period. Avior Wealth Management LLC lifted its holdings in 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 acquiring an additional 89 shares during the last quarter. Advisors Asset Management Inc. grew 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 worth $41,000 after acquiring an additional 130 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Wix.com by 113.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after purchasing an additional 139 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Wix.com by 962.7% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock worth $116,000 after purchasing an additional 491 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WIX shares. Bank of America boosted 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. Jefferies Financial Group boosted their target price on shares of Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Benchmark upped their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Citigroup boosted their price objective on Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.06.

Wix.com Price Performance

WIX opened at $242.39 on Friday. The business has a 50 day moving average price of $224.84 and a two-hundred day moving average price of $185.79. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 151.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.56. Wix.com Ltd. has a 1-year low of $117.58 and a 1-year high of $247.11.

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.