Wix.Com (WIX) Reaches New 12-Month High at $114.60
Wix.Com Ltd (NASDAQ:WIX) shares hit a new 52-week high on Tuesday . The stock traded as high as $114.60 and last traded at $112.70, with a volume of 11292 shares changing hands. The stock had previously closed at $111.05.
WIX has been the subject of several recent research reports. MED lifted their price target on Wix.Com to $100.00 and gave the company a “buy” rating in a research report on Monday, June 4th. SunTrust Banks lifted their price target on Wix.Com to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. KeyCorp lifted their price target on Wix.Com from $103.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, July 26th. BidaskClub cut Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, JMP Securities lifted their price target on Wix.Com from $96.00 to $100.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 6th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.81.
The stock has a market cap of $5.33 billion, a P/E ratio of -113.95 and a beta of 1.68. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.00 and a quick ratio of 2.00.
Institutional investors have recently bought and sold shares of the company. FIL Ltd acquired a new stake in shares of Wix.Com in the first quarter worth approximately $6,605,000. Victory Capital Management Inc. boosted its stake in Wix.Com by 32.0% during the second quarter. Victory Capital Management Inc. now owns 1,193,410 shares of the information services provider’s stock worth $119,698,000 after buying an additional 289,190 shares during the last quarter. Guggenheim Capital LLC acquired a new position in Wix.Com during the first quarter worth $1,717,000. Fortis Advisors LLC acquired a new position in Wix.Com during the second quarter worth $150,000. Finally, Wells Fargo & Company MN boosted its stake in Wix.Com by 83.3% during the second quarter. Wells Fargo & Company MN now owns 155,477 shares of the information services provider’s stock worth $15,593,000 after buying an additional 70,651 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.
About Wix.Com (NASDAQ:WIX)
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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