Shopify Inc. (NYSE:SHOP) Shares Sold by Lbp Am Sa

LBP AM SA decreased its position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 187,793 shares of the software maker's stock after selling 25,207 shares during the quarter. LBP AM SA's holdings in Shopify were worth $19,968,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Private Wealth Management LLC raised its stake in Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Shopify in the fourth quarter valued at about $39,000. Mather Group LLC. boosted its holdings in Shopify by 84.8% in the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker's stock valued at $43,000 after purchasing an additional 184 shares in the last quarter. Brooklyn Investment Group acquired a new position in Shopify during the 3rd quarter worth approximately $33,000. Finally, Sierra Ocean LLC purchased a new position in shares of Shopify during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 69.27% of the company's stock.

Shopify Price Performance

SHOP stock traded up $4.29 during trading on Friday, reaching $94.88. 7,060,413 shares of the stock traded hands, compared to its average volume of 8,544,570. The business's 50 day moving average price is $110.88 and its 200-day moving average price is $98.43. The firm has a market capitalization of $122.86 billion, a PE ratio of 61.22, a P/E/G ratio of 4.82 and a beta of 2.60. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $129.38.

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Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last posted its 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%. On average, equities research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SHOP shares. Oppenheimer lifted their price target on Shopify from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Phillip Securities cut shares of Shopify from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 17th. Wells Fargo & Company raised their price objective on shares of Shopify from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. ATB Capital boosted their price objective on shares of Shopify from $145.00 to $170.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Shopify in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $126.31.

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.