State Street Corp Purchases 18,260 Shares of Wix.com Ltd. (NASDAQ:WIX)

State Street Corp lifted its holdings in Wix.com Ltd. (NASDAQ:WIX) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,193 shares of the information services provider’s stock after purchasing an additional 18,260 shares during the quarter. State Street Corp owned 0.33% of Wix.com worth $10,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WIX. BT Investment Management Ltd acquired a new position in shares of Wix.com in the second quarter valued at $141,000. Advisor Group Inc. grew its stake in shares of Wix.com by 196.5% in the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock valued at $207,000 after acquiring an additional 1,965 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Wix.com in the second quarter valued at about $207,000. Legal & General Group Plc grew its stake in shares of Wix.com by 500.0% in the first quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock valued at $245,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Wix.com by 3.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the information services provider’s stock valued at $374,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 79.23% of the company’s stock.

Wix.com Ltd. (WIX) opened at $52.20 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.86. Wix.com Ltd. has a twelve month low of $42.80 and a twelve month high of $86.15.

Several equities research analysts recently weighed in on the stock. SunTrust Banks assumed coverage on shares of Wix.com in a research report on Tuesday, August 15th. They set a “buy” rating and a $73.00 price objective for the company. Jefferies Group assumed coverage on shares of Wix.com in a research report on Thursday, August 24th. They set a “buy” rating and a $74.00 price objective for the company. KeyCorp set a $88.00 price objective on shares of Wix.com and gave the stock a “buy” rating in a research report on Monday, August 21st. BidaskClub raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Northland Securities reissued a “buy” rating and issued a $75.00 target price on shares of Wix.com in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Wix.com currently has an average rating of “Hold” and an average target price of $77.79.

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Wix.com Profile

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.

Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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