Natixis Advisors LLC Has $3.63 Million Stake in Wix.com Ltd. (NASDAQ:WIX)

Natixis Advisors LLC grew its position in Wix.com Ltd. (NASDAQ:WIX) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,937 shares of the information services provider’s stock after purchasing an additional 2,523 shares during the quarter. Natixis Advisors LLC’s holdings in Wix.com were worth $3,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Wix.com by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock valued at $5,081,000 after purchasing an additional 11,497 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com in the fourth quarter valued at approximately $256,000. Loomis Sayles & Co. L P boosted its stake in shares of Wix.com by 23.9% in the third quarter. Loomis Sayles & Co. L P now owns 188,746 shares of the information services provider’s stock valued at $31,552,000 after buying an additional 36,459 shares during the period. XTX Topco Ltd boosted its stake in shares of Wix.com by 348.6% in the third quarter. XTX Topco Ltd now owns 8,904 shares of the information services provider’s stock valued at $1,488,000 after buying an additional 6,919 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of Wix.com in the third quarter valued at approximately $890,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Analysts Set New Price Targets

WIX has been the subject of several recent research reports. Benchmark boosted their price target on Wix.com from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Robert W. Baird boosted their price target on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Piper Sandler boosted their price target on Wix.com from $249.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald upped their target price on Wix.com from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley upgraded Wix.com from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $248.00 to $276.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $243.74.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $172.33 on Friday. The company has a market capitalization of $9.45 billion, a PE ratio of 73.33, a price-to-earnings-growth ratio of 2.83 and a beta of 1.64. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The company has a fifty day moving average of $211.60 and a 200-day moving average of $196.33.

Wix.com announced that its board has authorized a share buyback plan on Thursday, February 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the information services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.