Wix.com (NASDAQ:WIX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Wix.com (NASDAQ:WIX) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

A number of other analysts have also recently weighed in on the stock. Robert W. Baird upped their price target on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. decreased their price objective on shares of Wix.com from $205.00 to $189.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley raised shares of Wix.com from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $248.00 to $276.00 in a research report on Monday, January 13th. Citigroup upped their price objective on shares of Wix.com from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, UBS Group upped their price objective on shares of Wix.com from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.83.

Wix.com Trading Down 1.5 %

Shares of Wix.com stock opened at $199.21 on Tuesday. The company has a fifty day moving average price of $225.92 and a 200 day moving average price of $194.10. Wix.com has a twelve month low of $117.58 and a twelve month high of $247.11. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 84.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.58.

Institutional Investors Weigh In On Wix.com

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in Wix.com by 211.0% during the fourth quarter. Mackenzie Financial Corp now owns 29,395 shares of the information services provider’s stock worth $6,307,000 after acquiring an additional 19,943 shares during the period. JT Stratford LLC bought a new position in Wix.com in the 4th quarter worth about $218,000. USS Investment Management Ltd grew its position in Wix.com by 12.5% in the 4th quarter. USS Investment Management Ltd now owns 10,404 shares of the information services provider’s stock worth $2,232,000 after purchasing an additional 1,157 shares during the last quarter. Voloridge Investment Management LLC grew its position in Wix.com by 15.7% in the 4th quarter. Voloridge Investment Management LLC now owns 380,909 shares of the information services provider’s stock worth $81,724,000 after purchasing an additional 51,581 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in Wix.com by 68.0% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 106,187 shares of the information services provider’s stock worth $22,782,000 after purchasing an additional 42,969 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

About Wix.com

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.