Capital International Investors Has $3.88 Billion Position in Shopify Inc. (NYSE:SHOP)

Capital International Investors boosted its stake in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,516,305 shares of the software maker's stock after purchasing an additional 968,026 shares during the quarter. Capital International Investors owned 2.83% of Shopify worth $3,883,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital International Sarl raised its stake in shares of Shopify by 18.7% in the fourth quarter. Capital International Sarl now owns 587,487 shares of the software maker's stock valued at $62,467,000 after purchasing an additional 92,608 shares in the last quarter. Fairfield Bush & CO. lifted its holdings in shares of Shopify by 6.0% during the 4th quarter. Fairfield Bush & CO. now owns 22,009 shares of the software maker's stock worth $2,340,000 after acquiring an additional 1,254 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Shopify by 10.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 4,420,836 shares of the software maker's stock valued at $469,911,000 after acquiring an additional 423,000 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Shopify in the fourth quarter valued at about $46,000. Finally, Marshall Wace LLP boosted its holdings in Shopify by 623.8% during the fourth quarter. Marshall Wace LLP now owns 1,870,891 shares of the software maker's stock valued at $198,932,000 after purchasing an additional 2,228,091 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Shopify from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday. TD Securities boosted their target price on Shopify from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Robert W. Baird lifted their price objective on Shopify from $126.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on Shopify from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Scotiabank raised their price objective on shares of Shopify from $115.00 to $120.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.66.

Shopify Stock Performance

SHOP traded up $5.21 on Wednesday, hitting $90.92. 9,218,104 shares of the company were exchanged, compared to its average volume of 9,239,677. The company has a market cap of $117.73 billion, a PE ratio of 58.66, a PEG ratio of 4.82 and a beta of 2.82. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $129.38. The stock's fifty day moving average is $98.84 and its 200-day moving average is $101.66.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts expect that Shopify Inc. will post 1.12 EPS for the current fiscal year.

About Shopify

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.