Migdal Insurance & Financial Holdings Ltd. Sells 20,000 Shares of Wix.com Ltd. $WIX

Migdal Insurance & Financial Holdings Ltd. trimmed its stake in Wix.com Ltd. (NASDAQ:WIX) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,534 shares of the information services provider’s stock after selling 20,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Wix.com were worth $19,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WIX. Geneos Wealth Management Inc. lifted its position in Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Blue Trust Inc. raised its position in shares of Wix.com by 47.8% during the 2nd quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock valued at $65,000 after buying an additional 132 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Wix.com during the 2nd quarter worth $77,000. TD Private Client Wealth LLC grew its position 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 worth $95,000 after acquiring an additional 121 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased 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 last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Down 4.9%

Shares of WIX opened at $76.24 on Wednesday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 32.58, a PEG ratio of 2.52 and a beta of 1.42. The firm has a fifty day simple moving average of $101.28 and a two-hundred day simple moving average of $130.38. Wix.com Ltd. has a twelve month low of $75.00 and a twelve month high of $247.11.

Analyst Ratings Changes

Several brokerages have issued reports on WIX. Zacks Research lowered Wix.com from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Oppenheimer dropped their target price on Wix.com from $220.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wix.com in a research report on Wednesday, October 8th. Scotiabank cut their price objective on shares of Wix.com from $255.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 20th. Finally, Piper Sandler lifted their target price on shares of Wix.com from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.71.

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.