Atria Investments Inc Boosts Stock Holdings in Shopify Inc. (NYSE:SHOP)

Atria Investments Inc raised its holdings in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,825 shares of the software maker's stock after acquiring an additional 10,442 shares during the period. Atria Investments Inc's holdings in Shopify were worth $17,951,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SHOP. Howland Capital Management LLC lifted its position in Shopify by 2.0% during the fourth quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker's stock valued at $526,000 after purchasing an additional 99 shares during the period. Trust Co. of Vermont raised its stake in shares of Shopify by 9.9% during the 4th quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker's stock valued at $118,000 after buying an additional 100 shares during the last quarter. First United Bank & Trust lifted its holdings in shares of Shopify by 2.2% in the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker's stock valued at $488,000 after buying an additional 100 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Shopify by 0.7% in the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker's stock worth $1,162,000 after buying an additional 105 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its holdings in Shopify by 3.3% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker's stock worth $357,000 after acquiring an additional 107 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SHOP shares. New Street Research began coverage on Shopify in a report on Friday, January 10th. They issued a "neutral" rating and a $115.00 price target for the company. ATB Capital increased their price target on shares of Shopify from $145.00 to $170.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Citigroup lifted their price objective on shares of Shopify from $143.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Evercore ISI upped their price objective on shares of Shopify from $125.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Moffett Nathanson lifted their price target on Shopify from $86.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.31.

Shopify Price Performance

SHOP traded up $4.67 during trading hours on Wednesday, reaching $106.40. The company's stock had a trading volume of 8,406,957 shares, compared to its average volume of 8,110,094. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $129.38. The business's 50-day moving average is $112.57 and its 200-day moving average is $97.59. The stock has a market cap of $137.77 billion, a PE ratio of 68.65, a P/E/G ratio of 4.82 and a beta of 2.47.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. Analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

Shopify Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.