Massachusetts Financial Services Co. MA Takes Position in Wix.com Ltd. $WIX

Massachusetts Financial Services Co. MA bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 305,769 shares of the information services provider’s stock, valued at approximately $54,314,000. Massachusetts Financial Services Co. MA owned approximately 0.54% of Wix.com as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in shares of Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. Blue Trust Inc. raised its stake in Wix.com by 47.8% during the 2nd quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock worth $65,000 after buying an additional 132 shares during the period. Penserra Capital Management LLC bought a new position in Wix.com in the second quarter worth approximately $77,000. TD Private Client Wealth LLC grew its stake in Wix.com by 25.4% in the second quarter. TD Private Client Wealth LLC now owns 597 shares of the information services provider’s stock valued at $95,000 after acquiring an additional 121 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Wix.com by 508.6% in the second quarter. Tower Research Capital LLC TRC now owns 779 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 651 shares during the period. 81.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WIX. Raymond James Financial set a $74.00 target price on Wix.com in a report on Wednesday, January 7th. Citizens Jmp dropped their price objective on shares of Wix.com from $210.00 to $185.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 20th. Oppenheimer reduced their price objective on shares of Wix.com from $220.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Cantor Fitzgerald boosted their target price on shares of Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, Wells Fargo & Company dropped their price target on shares of Wix.com from $184.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and an average target price of $166.71.

Wix.com Price Performance

WIX opened at $79.74 on Thursday. Wix.com Ltd. has a fifty-two week low of $75.00 and a fifty-two week high of $247.11. The firm has a market capitalization of $4.47 billion, a P/E ratio of 34.08, a PEG ratio of 2.40 and a beta of 1.42. The company’s 50-day moving average is $100.22 and its 200 day moving average is $130.03.

Wix.com 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.