Numerai GP LLC Buys Shares of 3,833 Wix.com Ltd. (NASDAQ:WIX)

Numerai GP LLC bought a new stake in Wix.com Ltd. (NASDAQ:WIX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,833 shares of the information services provider’s stock, valued at approximately $822,000.

Several other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Wix.com in the fourth quarter valued at $43,000. Avior Wealth Management LLC lifted its holdings in Wix.com by 79.5% during the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after buying an additional 89 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Wix.com by 36.0% during the 4th quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after buying an additional 58 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Wix.com during the 4th quarter worth about $52,000. Finally, Blue Trust Inc. lifted its holdings in Wix.com by 28.3% during the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock worth $54,000 after buying an additional 56 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on WIX. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Wix.com in a report on Wednesday, February 19th. Jefferies Financial Group decreased their price target on Wix.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 7th. Cantor Fitzgerald lifted their price target on Wix.com from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Raymond James raised Wix.com from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $225.00 to $300.00 in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised Wix.com from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $169.00 to $176.00 in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.74.

Wix.com Trading Up 2.6%

NASDAQ WIX opened at $189.61 on Thursday. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 80.69, a PEG ratio of 2.83 and a beta of 1.56. The business’s 50 day moving average is $165.83 and its two-hundred day moving average is $196.37. Wix.com Ltd. has a 12-month low of $134.74 and a 12-month high of $247.11.

Wix.com declared that its board has initiated a stock buyback program on Thursday, February 27th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the information services provider to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wix.com Profile

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.