Baader Bank Aktiengesellschaft lessened its position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 58.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,658 shares of the software maker's stock after selling 3,808 shares during the period. Baader Bank Aktiengesellschaft's holdings in Shopify were worth $283,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Shopify in the third quarter worth about $33,000. Rosenberg Matthew Hamilton lifted its stake in shares of Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker's stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Shopify in the third quarter worth about $45,000. GAMMA Investing LLC lifted its stake in shares of Shopify by 73.5% in the third quarter. GAMMA Investing LLC now owns 597 shares of the software maker's stock worth $48,000 after acquiring an additional 253 shares in the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Shopify by 37.2% in the third quarter. HM Payson & Co. now owns 686 shares of the software maker's stock worth $55,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company's stock.
Shopify Stock Down 2.0 %
SHOP traded down $2.37 during trading on Monday, reaching $114.43. 7,028,928 shares of the stock were exchanged, compared to its average volume of 6,287,039. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. The stock's 50 day moving average price is $110.36 and its two-hundred day moving average price is $88.97. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $122.00. The stock has a market cap of $147.86 billion, a P/E ratio of 107.25, a price-to-earnings-growth ratio of 2.46 and a beta of 2.47.
Analyst Ratings Changes
Several research analysts recently commented on the company. KeyCorp boosted their price target on Shopify from $80.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Mizuho boosted their price target on Shopify from $68.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group increased their target price on Shopify from $88.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on Shopify from $90.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Finally, Truist Financial lifted their price objective on shares of Shopify from $65.00 to $110.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $100.32.
Check Out Our Latest Stock Report on Shopify
About Shopify
(
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.
Further Reading
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