Wix.com shares declined 1.48% in today’s session, falling below their 50-day moving average of $115.42 for the first time in three weeks. The drop contrasts with a modest uptick in major technology indices and represents the stock’s sixth negative session in the past ten trading days.

IMS Investment Management Services Ltd. increased its position in Wix.com by 18.8% during the third quarter, acquiring an additional 71,420 shares to bring its total to 451,914. With a holding valued at $80.27 million, Wix.com now comprises 2.5% of IMS’s overall portfolio, making it the firm’s sixth largest equity exposure.

Overall institutional ownership stands at 81.52%. In the first quarter, Northwestern Mutual Wealth Management Co. boosted its stake by 63.5% to 170 shares, while Advisors Asset Management Inc. added 109 shares, lifting its position by 28.4% to 493 shares. During the second quarter, TD Private Client Wealth LLC expanded its holding by 25.4% to 597 shares, Blue Trust Inc. raised its commitment by 47.8% to 408 shares, and TD Asset Management Inc. edged up its position by 0.8% to 21,218 shares.

Wix.com carries a market capitalization of approximately $5.9 billion, a price-to-earnings ratio of 44.8 and a PEG ratio of 2.08. The shares trade with a beta of 1.42 and have ranged between a 12-month low of $92.23 and a high of $247.11. Among 24 analysts covering the company, two assign a Strong Buy rating, nineteen rate the stock as Buy and three have Hold ratings, resulting in a consensus “Moderate Buy” recommendation and an average target price of $179.67.