Axiom Investors LLC DE boosted its stake in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 832,525 shares of the software maker's stock after buying an additional 273,035 shares during the quarter. Axiom Investors LLC DE owned 0.06% of Shopify worth $88,522,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased a new stake in Shopify in the 4th quarter worth approximately $132,323,000. Watts Gwilliam & Co. LLC grew its holdings in Shopify by 53.0% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 13,401 shares of the software maker's stock valued at $1,431,000 after buying an additional 4,641 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of 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 worth $27,409,000 after acquiring an additional 77,500 shares during the period. Wahed Invest LLC boosted its position in shares of Shopify by 18.4% in the third quarter. Wahed Invest LLC now owns 57,624 shares of the software maker's stock worth $4,618,000 after acquiring an additional 8,960 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Shopify in the third quarter valued at approximately $33,676,000. 69.27% of the stock is owned by hedge funds and other institutional investors.
Shopify Stock Performance
Shares of NYSE SHOP traded up $2.16 during trading hours on Tuesday, hitting $97.64. The stock had a trading volume of 10,301,385 shares, compared to its average volume of 8,798,509. The firm's 50-day moving average price is $110.06 and its two-hundred day moving average price is $101.15. Shopify Inc. has a 52 week low of $48.56 and a 52 week high of $129.38. The company has a market capitalization of $126.43 billion, a P/E ratio of 62.99, a P/E/G ratio of 4.82 and a beta of 2.60.
Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last released 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%. As a group, analysts expect that Shopify Inc. will post 1.12 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SHOP shares. UBS Group upped their price target on Shopify from $110.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Oppenheimer raised their price objective on Shopify from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Robert W. Baird lifted their price target on shares of Shopify from $126.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and set a $120.00 price objective on shares of Shopify in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Shopify from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One 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. According to MarketBeat.com, Shopify presently has an average rating of "Moderate Buy" and an average target price of $126.31.
View Our Latest Analysis on SHOP
Shopify Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Shopify, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.
While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
