Shopify Inc. (NYSE:SHOP) Position Reduced by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lowered its stake in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 48.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,700 shares of the software maker's stock after selling 2,550 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Shopify were worth $287,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Shopify by 73.5% during the 3rd quarter. GAMMA Investing LLC now owns 597 shares of the software maker's stock worth $48,000 after buying an additional 253 shares during the last quarter. Creative Planning increased its holdings in shares of Shopify by 4.4% during the 3rd quarter. Creative Planning now owns 392,415 shares of the software maker's stock worth $31,448,000 after buying an additional 16,375 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Shopify by 58.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 10,178 shares of the software maker's stock worth $816,000 after buying an additional 3,737 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Shopify by 4.4% during the 3rd quarter. Global Retirement Partners LLC now owns 10,651 shares of the software maker's stock worth $854,000 after buying an additional 449 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in shares of Shopify by 26.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 17,113 shares of the software maker's stock worth $1,371,000 after buying an additional 3,610 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Shopify from $125.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Wedbush reiterated an "outperform" rating and issued a $125.00 price target on shares of Shopify in a report on Tuesday, February 11th. Canaccord Genuity Group increased their price target on Shopify from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. ATB Capital increased their price target on Shopify from $145.00 to $170.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Finally, DZ Bank downgraded Shopify from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.31.

Shopify Stock Performance

Shares of SHOP traded up $0.85 during mid-day trading on Tuesday, reaching $129.20. 7,185,448 shares of the company's stock traded hands, compared to its average volume of 7,970,025. The business's 50-day moving average price is $112.16 and its 200-day moving average price is $93.70. The stock has a market capitalization of $166.94 billion, a P/E ratio of 120.75, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. 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 released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.10). Shopify had a net margin of 16.84% and a return on equity of 11.60%. Equities analysts predict that Shopify Inc. will post 0.91 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.