Wix.com (NASDAQ:WIX) Price Target Cut to $189.00 by Analysts at JPMorgan Chase & Co.

Wix.com (NASDAQ:WIX) had its price objective cut by JPMorgan Chase & Co. from $205.00 to $189.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

Several other research firms have also commented on WIX. Jefferies Financial Group upped their price objective on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays upped their price objective on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Royal Bank of Canada upped their price objective on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company initiated coverage on Wix.com in a research note on Monday, February 3rd. They issued an “underweight” rating and a $208.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.83.

Wix.com Trading Down 2.7 %

Shares of WIX opened at $198.11 on Wednesday. The firm has a market cap of $10.86 billion, a PE ratio of 84.30, a P/E/G ratio of 2.42 and a beta of 1.58. The firm has a fifty day simple moving average of $226.20 and a two-hundred day simple moving average of $193.31. Wix.com has a 1-year low of $117.58 and a 1-year high of $247.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WIX. CWM LLC lifted its holdings in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares during the last quarter. Creative Planning lifted its stake in Wix.com by 15.8% in the third quarter. Creative Planning now owns 9,310 shares of the information services provider’s stock worth $1,556,000 after purchasing an additional 1,269 shares during the last quarter. Blue Trust Inc. lifted its stake in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the last quarter. Signaturefd LLC lifted its stake in Wix.com by 5.3% in the third quarter. Signaturefd LLC now owns 3,442 shares of the information services provider’s stock worth $575,000 after purchasing an additional 173 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Wix.com by 72.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,931 shares of the information services provider’s stock worth $824,000 after purchasing an additional 2,075 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

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.