May Hill Capital LLC bought a new position in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,059 shares of the software maker's stock, valued at approximately $325,000.
A number of other large investors have also recently added to or reduced their stakes in SHOP. Allianz SE acquired a new stake in Shopify in the 4th quarter valued at $27,000. PFG Private Wealth Management LLC increased its position in shares of Shopify by 3,657.1% in the fourth 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. Mark Sheptoff Financial Planning LLC raised its holdings in Shopify by 50.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Shopify during the fourth quarter valued at approximately $39,000. Finally, Mather Group LLC. boosted its position in Shopify by 84.8% during the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker's stock valued at $43,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 69.27% of the company's stock.
Shopify Trading Up 3.1 %
SHOP traded up $3.01 during trading on Wednesday, reaching $100.65. 7,856,663 shares of the company's stock were exchanged, compared to its average volume of 8,803,676. The firm has a fifty day moving average price of $109.88 and a two-hundred day moving average price of $101.33. The stock has a market capitalization of $130.32 billion, a PE ratio of 64.94, a price-to-earnings-growth ratio of 4.82 and a beta of 2.81. Shopify Inc. has a one year low of $48.56 and a one year high of $129.38.
Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings data 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 22.74% and a return on equity of 12.00%. Sell-side analysts expect that Shopify Inc. will post 1.12 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SHOP. Barclays upped their price objective on Shopify from $93.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Wedbush reiterated an "outperform" rating and issued a $125.00 price target on shares of Shopify in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Shopify from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Phillip Securities downgraded shares of Shopify from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 17th. Finally, Evercore ISI lifted their price target on Shopify from $125.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, Shopify presently has an average rating of "Moderate Buy" and a consensus price target of $126.31.
View Our Latest Stock Report on Shopify
Shopify Profile
(
Free Report)
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.
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