Wix.com Ltd. (NASDAQ:WIX) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its position in Wix.com Ltd. (NASDAQ:WIX) by 44.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,512 shares of the information services provider’s stock after selling 7,463 shares during the quarter. PDT Partners LLC’s holdings in Wix.com were worth $1,590,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its stake in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 130 shares during the last quarter. CWM LLC raised its position in shares of Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the last quarter. Finally, Metis Global Partners LLC acquired a new position in Wix.com during the 3rd quarter valued at approximately $200,000. 81.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WIX. Piper Sandler raised their target price on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Bank of America upped their target price on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, UBS Group increased their price objective on Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $223.74 on Monday. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 139.84, a PEG ratio of 4.30 and a beta of 1.55. Wix.com Ltd. has a 1-year low of $100.13 and a 1-year high of $224.33. The company has a 50 day moving average price of $176.92 and a 200 day moving average price of $166.67.

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.