Rhumbline Advisers Has $3.66 Million Stake in Wix.com Ltd. (NASDAQ:WIX)

Rhumbline Advisers decreased its position in Wix.com Ltd. (NASDAQ:WIX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,076 shares of the information services provider’s stock after selling 147 shares during the quarter. Rhumbline Advisers’ holdings in Wix.com were worth $3,664,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Senvest Management LLC lifted its stake in shares of Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock worth $186,910,000 after buying an additional 50,482 shares during the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after purchasing an additional 165,810 shares in the last quarter. SG Americas Securities LLC raised its position in Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after purchasing an additional 400,265 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Wix.com by 3.2% during the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after acquiring an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after acquiring an additional 49,500 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Stock Down 0.7 %

NASDAQ WIX opened at $200.69 on Friday. The company has a market capitalization of $11.00 billion, a P/E ratio of 85.40, a P/E/G ratio of 2.83 and a beta of 1.58. Wix.com Ltd. has a 12-month low of $117.58 and a 12-month high of $247.11. The firm has a 50-day moving average price of $224.89 and a two-hundred day moving average price of $194.44.

Wix.com announced that its Board of Directors has authorized a share repurchase program on Thursday, February 27th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays raised their price target on Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. B. Riley lifted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Benchmark upped their target price on shares of Wix.com from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Cantor Fitzgerald raised their target price on shares of Wix.com from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $240.00 price target on shares of Wix.com in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and an average target price of $245.83.

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.