Nomura Asset Management Co. Ltd. Has $2.45 Million Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,680 shares of the information services provider’s stock after purchasing an additional 170 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Wix.com were worth $2,454,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WIX. Blue Trust Inc. boosted its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. CWM LLC lifted its position in shares of Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares during the last quarter. Toronto Dominion Bank boosted its stake in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares in the last quarter. Advisors Asset Management Inc. grew its position in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Wix.com by 2.9% during the second quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock worth $764,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Down 2.2 %

WIX opened at $219.61 on Friday. Wix.com Ltd. has a twelve month low of $110.75 and a twelve month high of $229.79. The company has a fifty day moving average of $188.09 and a 200-day moving average of $170.74. The stock has a market cap of $12.04 billion, a PE ratio of 137.26, a price-to-earnings-growth ratio of 4.22 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WIX shares. Bank of America raised their price target on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their target price on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Wix.com in a report on Wednesday, November 20th. Robert W. Baird raised their price objective on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Cantor Fitzgerald upped their target price on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.71.

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.