Shopify Inc. (NYSE:SHOP) Shares Bought by Capital International Sarl

Capital International Sarl grew its position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 587,487 shares of the software maker's stock after buying an additional 92,608 shares during the quarter. Shopify accounts for 1.4% of Capital International Sarl's investment portfolio, making the stock its 13th largest holding. Capital International Sarl's holdings in Shopify were worth $62,467,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC boosted its stake in shares of Shopify by 113.4% during the third quarter. World Investment Advisors LLC now owns 12,751 shares of the software maker's stock valued at $1,022,000 after acquiring an additional 6,776 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Shopify during the 3rd quarter worth approximately $615,000. Synovus Financial Corp acquired a new position in shares of Shopify during the 3rd quarter valued at $481,000. Peapack Gladstone Financial Corp grew its stake in shares of Shopify by 29.3% in the third quarter. Peapack Gladstone Financial Corp now owns 9,551 shares of the software maker's stock valued at $765,000 after buying an additional 2,162 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Shopify by 700.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 1,000 shares of the software maker's stock worth $80,000 after purchasing an additional 875 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHOP. KeyCorp reduced their price target on Shopify from $140.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday. Barclays increased their price target on shares of Shopify from $93.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Scotiabank upped their price objective on Shopify from $115.00 to $120.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. UBS Group boosted their price target on Shopify from $110.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, DA Davidson reduced their price objective on Shopify from $150.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.66.

Shopify Stock Performance

Shopify stock traded up $5.21 during midday trading on Wednesday, hitting $90.92. 9,218,104 shares of the company's stock were exchanged, compared to its average volume of 9,239,628. The company has a market cap of $117.73 billion, a PE ratio of 58.66, a P/E/G ratio of 4.82 and a beta of 2.82. The firm has a 50-day moving average of $98.84 and a two-hundred day moving average of $101.66. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $129.38.

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