Loomis Sayles & Co. L P Raises Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Loomis Sayles & Co. L P boosted its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 23.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 188,746 shares of the information services provider’s stock after acquiring an additional 36,459 shares during the quarter. Loomis Sayles & Co. L P owned about 0.34% of Wix.com worth $31,552,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bedell Frazier Investment Counselling LLC purchased a new stake in shares of Wix.com in the 3rd quarter valued at $201,000. Daiwa Securities Group Inc. lifted its position in Wix.com by 6.0% during the third quarter. Daiwa Securities Group Inc. now owns 4,975 shares of the information services provider’s stock valued at $832,000 after purchasing an additional 280 shares during the period. Senvest Management LLC boosted its holdings in Wix.com by 4.7% in 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 purchasing an additional 50,482 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Wix.com by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 36,361 shares of the information services provider’s stock valued at $6,078,000 after purchasing an additional 613 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Wix.com during the 3rd quarter worth about $254,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of WIX opened at $223.41 on Tuesday. The stock has a 50 day moving average price of $170.73 and a 200 day moving average price of $163.40. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 139.63, a PEG ratio of 4.24 and a beta of 1.47. Wix.com Ltd. has a one year low of $95.65 and a one year high of $223.95.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WIX. StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. boosted 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. UBS Group raised their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald lifted their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Wix.com in a report on Wednesday, November 20th. Four equities research 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, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.71.

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.