Wix.Com Ltd (NASDAQ:WIX) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 4,497 put options on the company. This is an increase of approximately 875% compared to the typical daily volume of 461 put options.

A number of research analysts recently issued reports on WIX shares. KeyCorp reissued a “buy” rating and set a $85.00 price target on shares of Wix.Com in a research report on Wednesday. BidaskClub cut shares of Wix.Com from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research cut shares of Wix.Com from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Oppenheimer lowered their price target on shares of Wix.Com from $88.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Finally, Wedbush cut shares of Wix.Com from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $86.00 to $65.00 in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $77.20.

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Wix.Com by 379.5% in the second quarter. JPMorgan Chase & Co. now owns 7,471 shares of the information services provider’s stock worth $520,000 after acquiring an additional 5,913 shares during the period. Advisor Group Inc. grew its stake in shares of Wix.Com by 196.5% in the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock worth $207,000 after acquiring an additional 1,965 shares during the period. Macquarie Group Ltd. grew its stake in shares of Wix.Com by 104.6% in the second quarter. Macquarie Group Ltd. now owns 49,580 shares of the information services provider’s stock worth $3,451,000 after acquiring an additional 25,342 shares during the period. State Street Corp grew its stake in shares of Wix.Com by 13.8% in the second quarter. State Street Corp now owns 150,193 shares of the information services provider’s stock worth $10,453,000 after acquiring an additional 18,260 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Wix.Com in the second quarter worth approximately $621,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Shares of Wix.Com (NASDAQ:WIX) traded up $6.15 during trading on Wednesday, reaching $71.70. 3,292,244 shares of the company’s stock traded hands, compared to its average volume of 673,989. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $2,868.31, a PE ratio of -57.82 and a beta of 2.16. Wix.Com has a twelve month low of $50.90 and a twelve month high of $86.15.

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Wix.Com Company Profile

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

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