Public Sector Pension Investment Board Acquires 5,200 Shares of Wix.com Ltd. (NASDAQ:WIX)

Public Sector Pension Investment Board grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 23.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,415 shares of the information services provider’s stock after buying an additional 5,200 shares during the quarter. Public Sector Pension Investment Board owned 0.05% of Wix.com worth $4,583,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Dorsal Capital Management LP raised its holdings in Wix.com by 23.8% during the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after buying an additional 250,000 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after acquiring an additional 33,338 shares during the period. Senvest Management LLC raised its stake in shares of Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after acquiring an additional 50,482 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after purchasing an additional 171,500 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after purchasing an additional 49,500 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $223.74 on Monday. The business has a 50-day simple moving average of $176.92 and a two-hundred day simple moving average of $166.67. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 139.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Wix.com Ltd. has a fifty-two week low of $100.13 and a fifty-two week high of $224.33.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WIX. Cantor Fitzgerald increased their price objective on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Piper Sandler raised their price target on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. UBS Group boosted their price objective on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Barclays raised their target price on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $210.71.

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.