Texas Permanent School Fund Corp Has $8.02 Million Holdings in Wix.com Ltd. $WIX

by · The Markets Daily

Texas Permanent School Fund Corp increased its stake in shares of Wix.com Ltd. (NASDAQ:WIX – Free Report) by 40.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,618 shares of the information services provider’s stock after acquiring an additional 14,705 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Wix.com worth $8,021,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lone Pine Capital LLC bought a new position in Wix.com during the 2nd quarter worth about $342,485,000. Ameriprise Financial Inc. boosted its position in shares of Wix.com by 879.0% during the second quarter. Ameriprise Financial Inc. now owns 2,031,591 shares of the information services provider’s stock worth $321,926,000 after buying an additional 1,824,070 shares during the period. Senvest Management LLC grew its holdings in shares of Wix.com by 32.2% during the second quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after buying an additional 496,770 shares in the last quarter. Norges Bank acquired a new stake in Wix.com in the 2nd quarter valued at approximately $66,132,000. Finally, Lazard Asset Management LLC lifted its stake in Wix.com by 27.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,542,153 shares of the information services provider’s stock valued at $244,368,000 after acquiring an additional 331,283 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Price Performance

Shares of WIX stock opened at $97.75 on Tuesday. The stock has a market cap of $5.48 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.01 and a beta of 1.42. The company has a fifty day moving average price of $121.61 and a two-hundred day moving average price of $141.18. Wix.com Ltd. has a one year low of $92.23 and a one year high of $247.11.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WIX. Wall Street Zen downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Zacks Research upgraded shares of Wix.com from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada cut their price target on shares of Wix.com from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Cantor Fitzgerald increased their price objective on shares of Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citigroup decreased their price objective on Wix.com from $197.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.05.

Read Our Latest Analysis on Wix.com

Wix.com Profile

(Free Report)

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.

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