Entropy Technologies LP Raises Stake in Wix.com Ltd. (NASDAQ:WIX)

Entropy Technologies LP raised its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 30.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,458 shares of the information services provider’s stock after buying an additional 1,499 shares during the quarter. Entropy Technologies LP’s holdings in Wix.com were worth $1,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted 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 valued at $106,000 after acquiring an additional 101 shares during the last quarter. Creative Planning lifted its position in Wix.com by 15.8% during the third quarter. Creative Planning now owns 9,310 shares of the information services provider’s stock valued at $1,556,000 after purchasing an additional 1,269 shares during the last quarter. Accurate Wealth Management LLC grew its stake in Wix.com by 31.3% in the 3rd quarter. Accurate Wealth Management LLC now owns 6,035 shares of the information services provider’s stock worth $1,006,000 after buying an additional 1,438 shares in the last quarter. Blue Trust Inc. increased 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 worth $31,000 after buying an additional 98 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Wix.com during the 3rd quarter valued at $661,000. 81.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on WIX. Benchmark increased their target price on Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Jefferies Financial Group increased their price target on shares of Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Citigroup increased their target price on shares of Wix.com from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and a consensus price target of $232.61.

Wix.com Stock Performance

WIX stock opened at $224.17 on Tuesday. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $247.11. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 140.11, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The business’s 50 day moving average price is $226.11 and its two-hundred day moving average price is $189.14.

About Wix.com

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.