SG Americas Securities LLC Takes Position in Wix.com Ltd. (WIX)
SG Americas Securities LLC acquired a new stake in Wix.com Ltd. (NASDAQ:WIX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,802 shares of the information services provider’s stock, valued at approximately $417,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WIX. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Wix.com during the 2nd quarter worth $626,000. Bank Hapoalim BM acquired a new position in shares of Wix.com during the 3rd quarter worth $1,064,000. Marshall Wace North America L.P. acquired a new position in shares of Wix.com during the 2nd quarter worth $4,684,000. Capital Fund Management S.A. raised its holdings in shares of Wix.com by 1,443.8% during the 2nd quarter. Capital Fund Management S.A. now owns 80,276 shares of the information services provider’s stock worth $5,587,000 after buying an additional 75,076 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Wix.com by 1.4% during the 2nd quarter. Victory Capital Management Inc. now owns 632,990 shares of the information services provider’s stock worth $44,056,000 after buying an additional 8,550 shares in the last quarter. 79.23% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. Northland Securities reissued a “buy” rating and set a $75.00 price target on shares of Wix.com in a report on Thursday, September 21st. Oppenheimer reduced their price objective on Wix.com from $88.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. BidaskClub lowered Wix.com from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Wedbush lowered Wix.com from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $86.00 to $65.00 in a research report on Thursday, November 9th. Finally, KeyCorp set a $88.00 price objective on Wix.com and gave the stock a “buy” rating in a research report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $77.79.
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
Receive News & Ratings for Wix.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com and related companies with MarketBeat.com's FREE daily email newsletter.