Wix.com Ltd. (NASDAQ:WIX) Short Interest Up 29.2% in December

Wix.com Ltd. (NASDAQ:WIX) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,550,000 shares, an increase of 29.2% from the December 15th total of 1,200,000 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 541,200 shares, the short-interest ratio is currently 2.9 days.

Wix.com Stock Performance

NASDAQ:WIX opened at $241.72 on Friday. Wix.com has a one year low of $117.58 and a one year high of $246.83. The stock has a market cap of $13.25 billion, a PE ratio of 151.08, a P/E/G ratio of 2.53 and a beta of 1.56. The stock has a 50 day moving average price of $215.20 and a 200 day moving average price of $180.59.

Institutional Investors Weigh In On Wix.com

Several hedge funds and other institutional investors have recently bought and sold shares of WIX. Dorsal Capital Management LP grew its stake in shares of Wix.com by 23.8% in 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 period. Captrust Financial Advisors increased its stake in Wix.com by 545.7% during the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after acquiring an additional 201,532 shares during the last quarter. Whale Rock Capital Management LLC raised its position in Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after purchasing an additional 165,810 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Wix.com in the 2nd quarter valued at $13,646,000. Finally, Polar Asset Management Partners Inc. grew its holdings in shares of Wix.com by 192.9% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock worth $16,466,000 after purchasing an additional 64,869 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on WIX. JPMorgan Chase & Co. raised their price target on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Wix.com in a report on Wednesday, November 20th. Barclays upped their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America boosted their target price on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wix.com has an average rating of “Moderate Buy” and an average price target of $225.82.

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.