Wix.com (NASDAQ:WIX) Price Target Lowered to $189.00 at JPMorgan Chase & Co.

Wix.com (NASDAQ:WIX) had its target price reduced by JPMorgan Chase & Co. from $205.00 to $189.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

A number of other brokerages have also recently issued reports on WIX. Raymond James upgraded Wix.com from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $225.00 to $300.00 in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price target on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 target price on shares of Wix.com in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $239.33.

Wix.com Price Performance

Shares of NASDAQ WIX opened at $217.00 on Wednesday. Wix.com has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 135.63, a PEG ratio of 2.49 and a beta of 1.58. The business has a 50-day moving average of $227.05 and a 200-day moving average of $192.90.

Institutional Trading of Wix.com

Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after buying an additional 130 shares in the last quarter. Avior Wealth Management LLC grew its position in Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 89 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Wix.com during the fourth quarter worth about $43,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Wix.com by 36.0% in the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

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.