Mediolanum International Funds Ltd Sells 926 Shares of Wix.com Ltd. (NASDAQ:WIX)

Mediolanum International Funds Ltd cut its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,221 shares of the information services provider’s stock after selling 926 shares during the period. Mediolanum International Funds Ltd’s holdings in Wix.com were worth $3,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WIX. Wellington Management Group LLP boosted its position in shares of Wix.com by 518.3% during the 4th quarter. Wellington Management Group LLP now owns 1,510,515 shares of the information services provider’s stock valued at $324,081,000 after acquiring an additional 1,266,202 shares during the last quarter. Durable Capital Partners LP purchased a new stake in Wix.com during the fourth quarter valued at $89,839,000. Whale Rock Capital Management LLC lifted its position in Wix.com by 55.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 1,071,565 shares of the information services provider’s stock valued at $229,904,000 after purchasing an additional 380,800 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Wix.com by 1,209.4% during the first quarter. Assenagon Asset Management S.A. now owns 344,713 shares of the information services provider’s stock valued at $56,319,000 after purchasing an additional 318,387 shares during the last quarter. Finally, Senvest Management LLC grew its stake in shares of Wix.com by 27.3% in the 4th quarter. Senvest Management LLC now owns 1,422,793 shares of the information services provider’s stock worth $305,260,000 after buying an additional 304,712 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WIX shares. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Wix.com in a research report on Wednesday, June 18th. Morgan Stanley decreased their price objective on Wix.com from $276.00 to $207.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $250.00 price objective on shares of Wix.com in a research note on Friday, June 20th. Royal Bank Of Canada cut their target price on Wix.com from $245.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. Finally, UBS Group lowered their price target on Wix.com from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $228.95.

Wix.com Price Performance

Shares of WIX opened at $152.49 on Monday. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 60.75, a PEG ratio of 2.43 and a beta of 1.31. Wix.com Ltd. has a 1-year low of $137.94 and a 1-year high of $247.11. The company has a 50-day moving average of $156.49 and a 200 day moving average of $178.74.

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.