2,147 Shares in Wix.com Ltd. (NASDAQ:WIX) Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Wix.com Ltd. (NASDAQ:WIX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,147 shares of the information services provider’s stock, valued at approximately $359,000.

Several other large investors have also modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its stake in Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after acquiring an additional 488 shares in the last quarter. CWM LLC increased its position in shares of Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after acquiring an additional 101 shares during the period. Toronto Dominion Bank raised its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares in the last quarter. Finally, Metis Global Partners LLC bought a new position in Wix.com in the third quarter worth approximately $200,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WIX has been the subject of several research reports. KeyCorp initiated coverage on Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a research note on Thursday, July 25th. UBS Group raised their target price on shares of Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research report on Wednesday, August 7th. Finally, Benchmark lifted their price objective on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Wix.com Stock Performance

Wix.com stock opened at $180.01 on Friday. The business’s 50-day simple moving average is $165.98 and its two-hundred day simple moving average is $159.95. The company has a market cap of $9.87 billion, a PE ratio of 142.87, a PEG ratio of 3.91 and a beta of 1.47. Wix.com Ltd. has a fifty-two week low of $92.25 and a fifty-two week high of $192.00.

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.