Natural Investments LLC Makes New Investment in Shopify Inc. (NYSE:SHOP)

Natural Investments LLC purchased a new stake in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 31,301 shares of the software maker's stock, valued at approximately $3,328,000. Shopify accounts for about 0.9% of Natural Investments LLC's holdings, making the stock its 22nd biggest holding.

A number of other institutional investors have also recently modified their holdings of the business. QRG Capital Management Inc. purchased a new position in Shopify in the third quarter valued at about $227,000. CWA Asset Management Group LLC acquired a new position in Shopify during the third quarter worth $331,000. Assetmark Inc. boosted its position in Shopify by 6.6% during the third quarter. Assetmark Inc. now owns 71,120 shares of the software maker's stock worth $5,700,000 after purchasing an additional 4,392 shares in the last quarter. Atria Investments Inc grew its holdings in Shopify by 16.8% in the third quarter. Atria Investments Inc now owns 158,383 shares of the software maker's stock valued at $12,693,000 after purchasing an additional 22,832 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Shopify by 29.9% in the third quarter. Axxcess Wealth Management LLC now owns 16,197 shares of the software maker's stock valued at $1,298,000 after buying an additional 3,728 shares in the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify Price Performance

NYSE SHOP traded up $4.15 during trading hours on Wednesday, hitting $97.10. The company had a trading volume of 6,510,900 shares, compared to its average volume of 8,526,783. The firm's 50 day moving average is $111.70 and its 200 day moving average is $98.36. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $129.38. The company has a market capitalization of $125.73 billion, a price-to-earnings ratio of 62.72, a P/E/G ratio of 4.82 and a beta of 2.60.

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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 net margin of 22.74% and a return on equity of 12.00%. On average, equities analysts anticipate that Shopify Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Atb Cap Markets lowered shares of Shopify from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Barclays upped their price target on shares of Shopify from $93.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Shopify from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Shopify from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Moffett Nathanson raised their price target on Shopify from $86.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. One investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.31.

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.