Austin Private Wealth LLC Makes New $238,000 Investment in Shopify Inc. (NYSE:SHOP)

Austin Private Wealth LLC acquired a new stake in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,240 shares of the software maker's stock, valued at approximately $238,000.

A number of other large investors have also recently bought and sold shares of SHOP. Swiss National Bank lifted its position in Shopify by 0.9% during the 3rd quarter. Swiss National Bank now owns 3,657,800 shares of the software maker's stock worth $293,507,000 after acquiring an additional 33,300 shares during the last quarter. Watts Gwilliam & Co. LLC lifted its position in shares of Shopify by 53.0% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 13,401 shares of the software maker's stock worth $1,431,000 after purchasing an additional 4,641 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Shopify by 29.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 342,030 shares of the software maker's stock valued at $27,409,000 after purchasing an additional 77,500 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Shopify by 26.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,609 shares of the software maker's stock valued at $2,693,000 after buying an additional 7,027 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in Shopify by 4.6% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,756 shares of the software maker's stock worth $381,000 after buying an additional 209 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Shopify Trading Down 2.1 %

NYSE SHOP traded down $2.48 during trading hours on Friday, hitting $116.70. The company's stock had a trading volume of 7,750,504 shares, compared to its average volume of 5,562,812. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $122.00. The firm has a market capitalization of $150.79 billion, a P/E ratio of 109.07, a PEG ratio of 2.45 and a beta of 2.46. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $110.36 and a 200 day moving average of $88.80.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SHOP shares. Moffett Nathanson boosted their target price on shares of Shopify from $86.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Oppenheimer boosted their price objective on shares of Shopify from $90.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their target price on shares of Shopify from $88.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Robert W. Baird boosted their price target on Shopify from $90.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $70.00 price objective on shares of Shopify in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Shopify has a consensus rating of "Moderate Buy" and a consensus price target of $100.32.

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.