Wix.com Ltd. (WIX) Holdings Trimmed by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169,297 shares of the information services provider’s stock after selling 30,937 shares during the period. Baillie Gifford & Co. owned about 2.58% of Wix.com worth $84,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WIX. Bank of New York Mellon Corp grew its holdings in Wix.com by 14.8% during the 1st quarter. Bank of New York Mellon Corp now owns 46,805 shares of the information services provider’s stock worth $3,178,000 after acquiring an additional 6,024 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Wix.com by 28.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 21,257 shares of the information services provider’s stock worth $1,443,000 after acquiring an additional 4,753 shares in the last quarter. Legal & General Group Plc grew its holdings in Wix.com by 500.0% during the 1st quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock worth $245,000 after acquiring an additional 3,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Wix.com by 55.2% during the 1st quarter. Geode Capital Management LLC now owns 30,276 shares of the information services provider’s stock worth $2,054,000 after acquiring an additional 10,770 shares in the last quarter. Finally, UBS Group AG grew its holdings in Wix.com by 916.7% during the 1st quarter. UBS Group AG now owns 22,439 shares of the information services provider’s stock worth $1,523,000 after acquiring an additional 20,232 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

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Several research analysts have weighed in on WIX shares. BidaskClub lowered shares of Wix.com from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Wix.com from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. KeyCorp started coverage on shares of Wix.com in a report on Sunday, July 23rd. They set an “overweight” rating and a $88.00 price objective for the company. Royal Bank Of Canada reissued a “hold” rating on shares of Wix.com in a report on Friday, July 28th. Finally, Barclays PLC reissued a “buy” rating and set a $77.00 price objective on shares of Wix.com in a report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Wix.com presently has an average rating of “Buy” and a consensus price target of $74.87.

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.

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

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