Wix.com Ltd. (NASDAQ:WIX) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 8.5% in the 4th quarter, Holdings Channel reports. The firm owned 14,149 shares of the information services provider’s stock after selling 1,308 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wix.com were worth $3,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WIX. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Wix.com by 23.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after acquiring an additional 49,500 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Wix.com by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock valued at $5,081,000 after acquiring an additional 11,497 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Wix.com in the 4th quarter valued at approximately $256,000. Cumberland Partners Ltd lifted its position in shares of Wix.com by 18.8% in the 3rd quarter. Cumberland Partners Ltd now owns 19,000 shares of the information services provider’s stock valued at $3,176,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Wix.com in the 3rd quarter valued at approximately $461,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of Wix.com stock opened at $199.16 on Thursday. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The firm has a fifty day moving average price of $225.52 and a two-hundred day moving average price of $194.36. The company has a market cap of $10.92 billion, a PE ratio of 84.75, a price-to-earnings-growth ratio of 2.83 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WIX. Jefferies Financial Group upped their price target on shares of Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Wix.com in a research note on Thursday, February 20th. StockNews.com upgraded shares of Wix.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Bank of America upped their price objective on shares of Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Piper Sandler upped their price objective on shares of Wix.com from $249.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and an average price target of $245.83.

Wix.com 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.