5,579 Shares in Wix.com Ltd. $WIX Acquired by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC acquired a new position in Wix.com Ltd. (NASDAQ:WIX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,579 shares of the information services provider’s stock, valued at approximately $884,000.

Several other hedge funds have also recently bought and sold shares of WIX. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wix.com by 63.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 170 shares of the information services provider’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Wix.com during the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. raised its stake in shares of Wix.com by 632.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Wix.com by 47.8% in the 2nd quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 132 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Wix.com in the 2nd quarter worth approximately $77,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

Shares of Wix.com stock opened at $104.71 on Wednesday. The firm has a market cap of $5.88 billion, a P/E ratio of 44.75, a price-to-earnings-growth ratio of 2.10 and a beta of 1.42. The firm’s 50-day simple moving average is $117.72 and its 200-day simple moving average is $139.19. Wix.com Ltd. has a twelve month low of $92.23 and a twelve month high of $247.11.

Analysts Set New Price Targets

WIX has been the topic of several analyst reports. Barclays lowered their price target on Wix.com from $235.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Royal Bank Of Canada lowered their target price on shares of Wix.com from $210.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. UBS Group reiterated an “overweight” rating on shares of Wix.com in a report on Thursday, December 11th. Citigroup cut their target price on shares of Wix.com from $197.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Cantor Fitzgerald upped their price target on shares of Wix.com from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.67.

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.