XTX Topco Ltd Sells 4,334 Shares of Wix.com Ltd. (NASDAQ:WIX)

XTX Topco Ltd reduced its stake in Wix.com Ltd. (NASDAQ:WIX) by 48.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,570 shares of the information services provider’s stock after selling 4,334 shares during the quarter. XTX Topco Ltd’s holdings in Wix.com were worth $980,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Avior Wealth Management LLC increased its stake in shares of 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 purchasing an additional 89 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Wix.com during the fourth quarter valued at $43,000. Global Retirement Partners LLC increased its position in Wix.com by 36.0% in the fourth 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. bought a new stake in shares of Wix.com in the fourth quarter valued at $52,000. Finally, Blue Trust Inc. lifted its position in shares of Wix.com by 28.3% during the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock valued at $54,000 after buying an additional 56 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of Wix.com from $249.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barclays lifted their price target on Wix.com from $236.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Bank of America raised their target price on Wix.com from $228.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and set a $240.00 price target on shares of Wix.com in a research report on Tuesday, February 18th. Finally, Raymond James upgraded shares of Wix.com from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $225.00 to $300.00 in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.53.

Wix.com Stock Performance

WIX stock opened at $160.81 on Wednesday. Wix.com Ltd. has a one year low of $117.58 and a one year high of $247.11. The company has a market capitalization of $9.02 billion, a PE ratio of 68.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The company’s 50 day moving average price is $183.26 and its two-hundred day moving average price is $196.22.

Wix.com announced that its board has authorized a share repurchase plan on Thursday, February 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the information services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wix.com Company 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.