Mirae Asset Global Investments Co. Ltd. Has $826,000 Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 45.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,785 shares of the information services provider’s stock after selling 3,191 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Wix.com were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Senvest Management LLC increased its position in 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 purchasing an additional 50,482 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after buying an additional 165,810 shares during the last quarter. SG Americas Securities LLC boosted its stake in Wix.com by 558.5% in the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after acquiring an additional 400,265 shares during the last quarter. Geode Capital Management LLC grew 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 worth $76,848,000 after purchasing an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Wix.com by 23.1% in 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 own 81.52% of the company’s stock.

Wix.com Price Performance

WIX stock opened at $227.41 on Wednesday. Wix.com Ltd. has a 1 year low of $117.58 and a 1 year high of $247.11. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 142.13, a P/E/G ratio of 2.48 and a beta of 1.58. The company has a 50 day simple moving average of $226.18 and a 200 day simple moving average of $189.63.

Analysts Set New Price Targets

WIX has been the topic of several recent analyst reports. Morgan Stanley upgraded Wix.com from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $248.00 to $276.00 in a report on Monday, January 13th. 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 report on Thursday, November 21st. Robert W. Baird raised their price objective on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price target on Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $232.61.

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.