Jump Financial LLC Makes New Investment in Shopify Inc. (NYSE:SHOP)

Jump Financial LLC bought a new stake in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 88,212 shares of the software maker's stock, valued at approximately $9,380,000.

Several other institutional investors and hedge funds have also made changes to their positions in SHOP. Vanguard Group Inc. grew its holdings in Shopify by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 47,080,112 shares of the software maker's stock valued at $5,010,721,000 after buying an additional 781,162 shares in the last quarter. FMR LLC increased its holdings in Shopify by 3.4% in the fourth quarter. FMR LLC now owns 43,732,077 shares of the software maker's stock valued at $4,653,054,000 after buying an additional 1,426,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Shopify by 79.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 16,487,579 shares of the software maker's stock worth $1,752,834,000 after purchasing an additional 7,316,862 shares in the last quarter. FIL Ltd increased its position in Shopify by 11.9% during the fourth quarter. FIL Ltd now owns 15,774,148 shares of the software maker's stock worth $1,678,865,000 after buying an additional 1,682,326 shares during the period. Finally, Norges Bank acquired a new position in Shopify in the 4th quarter valued at about $1,542,262,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. ATB Capital upped their target price on Shopify from $145.00 to $170.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. Robert W. Baird increased their price objective on shares of Shopify from $126.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Barclays upped their price target on shares of Shopify from $93.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their price objective on shares of Shopify from $145.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Wedbush reissued an "outperform" rating and issued a $110.00 target price on shares of Shopify in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.94.

Shopify Price Performance

SHOP stock traded down $0.31 during trading on Friday, reaching $83.65. 11,591,792 shares of the company were exchanged, compared to its average volume of 9,238,801. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38. The company has a market capitalization of $108.31 billion, a price-to-earnings ratio of 53.97, a P/E/G ratio of 4.82 and a beta of 2.82. The company has a 50-day moving average of $100.46 and a two-hundred day moving average of $101.46.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last announced its earnings results on Tuesday, February 11th. The software maker reported $0.34 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%. On average, analysts forecast that Shopify Inc. will post 1.12 EPS for the current year.

Shopify Company Profile

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.