Wix.com Ltd. $WIX is Rice Hall James & Associates LLC’s 9th Largest Position

Rice Hall James & Associates LLC boosted its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,986 shares of the information services provider’s stock after purchasing an additional 24,599 shares during the quarter. Wix.com makes up 2.0% of Rice Hall James & Associates LLC’s holdings, making the stock its 9th largest position. Rice Hall James & Associates LLC owned about 0.36% of Wix.com worth $35,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WIX. Swedbank AB increased its holdings in Wix.com by 1,326.5% in the 3rd quarter. Swedbank AB now owns 80,224 shares of the information services provider’s stock worth $14,250,000 after acquiring an additional 74,600 shares in the last quarter. Munro Partners increased its stake in shares of Wix.com by 36.1% during the third quarter. Munro Partners now owns 22,055 shares of the information services provider’s stock worth $3,918,000 after purchasing an additional 5,855 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Wix.com during the 3rd quarter worth about $377,000. Texas Permanent School Fund Corp lifted its stake in Wix.com by 40.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 50,618 shares of the information services provider’s stock valued at $8,021,000 after buying an additional 14,705 shares in the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in Wix.com in the 2nd quarter worth about $884,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Up 0.1%

Shares of Wix.com stock opened at $105.50 on Friday. The business’s fifty day simple moving average is $116.07 and its 200-day simple moving average is $138.38. The firm has a market cap of $5.92 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 2.08 and a beta of 1.42. Wix.com Ltd. has a 52 week low of $92.23 and a 52 week high of $247.11.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WIX shares. Wall Street Zen cut Wix.com from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Citizens Jmp reduced their price objective on Wix.com from $210.00 to $185.00 and set a “market outperform” rating for the company in a research note on Thursday, November 20th. Bank of America dropped their target price on shares of Wix.com from $210.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. UBS Group reissued an “overweight” rating on shares of Wix.com in a research note on Thursday, December 11th. Finally, Wells Fargo & Company dropped their target price on Wix.com from $184.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and an average price target of $179.67.

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.