Wix.com Ltd. (NASDAQ:WIX) is Senvest Management LLC’s 3rd Largest Position

Senvest Management LLC grew its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,118,081 shares of the information services provider’s stock after buying an additional 50,482 shares during the period. Wix.com accounts for 6.5% of Senvest Management LLC’s portfolio, making the stock its 3rd biggest holding. Senvest Management LLC owned 2.04% of Wix.com worth $186,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dorsal Capital Management LP boosted its holdings in Wix.com by 23.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after buying an additional 250,000 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock worth $190,482,000 after acquiring an additional 33,338 shares during the period. Renaissance Technologies LLC grew its position in shares of Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after purchasing an additional 171,500 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock valued at $44,055,000 after purchasing an additional 49,500 shares during the period. Finally, Eminence Capital LP lifted its holdings in Wix.com by 7.3% in the 2nd quarter. Eminence Capital LP now owns 244,424 shares of the information services provider’s stock worth $38,881,000 after purchasing an additional 16,529 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WIX has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Monday, August 5th. Cantor Fitzgerald boosted their price target on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research report on Wednesday. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.44.

Wix.com Stock Down 0.9 %

Shares of WIX opened at $217.20 on Friday. Wix.com Ltd. has a 52-week low of $95.65 and a 52-week high of $220.22. The company has a market cap of $11.91 billion, a PE ratio of 135.75, a P/E/G ratio of 4.21 and a beta of 1.47. The business has a fifty day moving average of $170.73 and a 200 day moving average of $162.82.

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.